NET INCOME PER SHARE

6 Months Ended

Jun. 30, 2022

The computation of basic and diluted net income per share for the periods presented in the Condensed Consolidated Financial Statements is shown in the tables below.


	Three Months Ended June 30,
	2022					2021

	Income		Weighted-average shares(3)	Per Share		Income		Weighted-average shares(3)	Per Share

	(In thousands, except per share data)
Basic:
Net income attributable to Class A common shareholders	$	6,438	39,297	$	0.16	$	—	—	$	—
Less: Net income available to participating unvested restricted Class A common shareholders(4)	(4,184)		—	$	—	—		—	$	—
Total net income attributable to Class A common shareholders	$	2,254	39,297	$	0.06	$	—	—	$	—

Effect of dilutive securities:
Unvested Class A common shares	—		32	$	—	—		—	$	—



Diluted(1)(2):
Net income attributable to Class A common shareholders	$	2,254	39,329	$	0.06	$	—	—	$	—


	Six Months Ended June 30,
	2022					2021

	Income		Weighted-average shares(3)	Per Share		Income		Weighted-average share (3)	Per Share

	(In thousands, except per share data)
Basic:
Net income attributable to Class A common shareholders	$	10,303	38,766	$	0.27	$	—	—	$	—
Less: Net income available to participating unvested restricted Class A common shareholders(4)	(4,184)		—	$	—	—		—	$	—
Total net income attributable to Class A common shareholders	$	6,119	38,766	$	0.16	$	—	—	$	—

Effect of dilutive securities:
Unvested Class A common shares	—		30	$	—	—		—	$	—



Diluted(1)(2):
Net income attributable to Class A common shareholders	$	6,119	38,796	$	0.16	$	—	—	$	—

(1)The effect of an assumed exchange of the outstanding Preferred Units and outstanding public and private warrants for shares of Class A Common Stock would have been anti-dilutive for all periods presented in which the Preferred Units and public and private warrants were outstanding.

(2)The effect of an assumed exchange of outstanding Common Units (and the cancellation of a corresponding number of shares of outstanding Class C Common Stock) would have been anti-dilutive for all periods presented in which the Common Units were outstanding.

(3)Share amounts have been retroactively restated to reflect the Company’s two-for-one Stock Split. Refer to Note 10—Equity and Warrants in the Notes to our Condensed Consolidated Financial Statements in this Form 10-Q for further information.

(4)Represents dividends paid to unvested restricted Class A common shareholders.