Earnings (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

The calculation of basic and diluted earnings (loss) per share (EPS) was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Basic earnings (loss) per Class A common share
Numerator:
Net income (loss)	$	7,335	$	(2,992)	$	58,003	$	47,147
Amount attributable to unvested Walmart restricted shares	(58)		43		(547)		(742)
Net income (loss) allocated to Class A common stockholders	$	7,277	$	(2,949)	$	57,456	$	46,405
Denominator:
Weighted-average Class A shares issued and outstanding	54,221		52,635		53,961		52,269
Basic earnings (loss) per Class A common share	$	0.13	$	(0.06)	$	1.06	$	0.89
Diluted earnings (loss) per Class A common share
Numerator:
Net income (loss) allocated to Class A common stockholders	$	7,277	$	(2,949)	$	57,456	$	46,405
Re-allocated earnings	1		—		12		16
Diluted net income (loss) allocated to Class A common stockholders	$	7,278	$	(2,949)	$	57,468	$	46,421
Denominator:
Weighted-average Class A shares issued and outstanding	54,221		52,635		53,961		52,269
Dilutive potential common shares:
Stock options	506		—		483		208
Service-based restricted stock units	417		—		440		658
Performance-based restricted stock units	252		—		277		298
Employee stock purchase plan	19		—		19		22
Diluted weighted-average Class A shares issued and outstanding	55,415		52,635		55,180		53,455
Diluted earnings (loss) per Class A common share	$	0.13	$	(0.06)	$	1.04	$	0.87

Schedule of Antidilutive Shares

The following table shows the weighted-average number of shares excluded from the diluted EPS calculation as their effects were anti-dilutive:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
	(In thousands)
Class A common stock
Options to purchase Class A common stock	139	2,192	139	488
Service-based restricted stock units	108	1,353	204	175
Performance-based restricted stock units	829	705	771	292
Unvested Walmart restricted shares	434	759	514	836
Total	1,510	5,009	1,628	1,791