XML 52 R37.htm IDEA: XBRL DOCUMENT v3.22.1
Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Income (Loss) Per Share

Basic and diluted net income (loss) per share was calculated as follows:

 

 

Successor

 

 

 

Predecessor

 

(in thousands, except share and per share amounts)

 

Year Ended
December 31, 2021

 

 

Period from
February 1, 2020
through
December 31, 2020

 

 

 

Period from
January 1, 2020
through
January 31, 2020

 

 

Year Ended
December 31, 2019

 

Basic net income (loss) per share

 

$

0.11

 

 

$

(0.37

)

 

 

n/a

 

 

n/a

 

Diluted net income (loss) per share

 

$

0.11

 

 

$

(0.37

)

 

 

n/a

 

 

n/a

 

Numerator:

 

 

 

 

 

 

 

 



 

 



 

Net income (loss)

 

 

16,051

 

 

 

(47,492

)

 

 

n/a

 

 

n/a

 

Denominator:

 

 

 

 

 

 

 

 



 

 



 

Weighted average number of shares outstanding - basic

 

 

140,480,590

 

 

 

130,000,000

 

 

 

n/a

 

 

n/a

 

Add options and restricted stock units to purchase units

 

 

1,206,794

 

 

 

 

 

 

n/a

 

 

n/a

 

Weighted average number of shares outstanding - diluted

 

 

141,687,384

 

 

 

130,000,000

 

 

 

n/a

 

 

n/a

 

Basic net (loss) income per unit

 

n/a

 

 

n/a

 

 

 

$

(0.24

)

 

$

0.23

 

Diluted net (loss) income per unit

 

n/a

 

 

n/a

 

 

 

$

(0.24

)

 

$

0.21

 

Numerator:

 

 

 

 

 

 

 

 



 

 

 

 

Net (loss) income

 

n/a

 

 

n/a

 

 

 

$

(36,530

)

 

$

34,250

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average units outstanding - basic

 

n/a

 

 

n/a

 

 

 

 

149,686,460

 

 

 

149,686,460

 

Add options and restricted stock units to purchase units

 

n/a

 

 

n/a

 

 

 

 

 

 

 

14,193,306

 

Weighted average units outstanding - diluted

 

n/a

 

 

n/a

 

 

 

 

149,686,460

 

 

 

163,879,766

 

For the year ended December 31, 2021 (Successor) 14,488 options were excluded from the calculation of diluted net income (loss) per share because their effect was anti-dilutive.