NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Net (Loss) Per Share

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 September 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	$	14,936	41,816	$	0.36	$	—	—	$	—
Less: Net income available to participating unvested restricted Class A common shareholders(4)	(4,174)		—	$	—	—		—	$	—
Excess preferred carrying amount over consideration paid(5)	32,900		—	$	—	—		—	$	—
Total net income attributable to Class A common shareholders	$	43,662	41,816	$	1.04	$	—	—	$	—
Effect of dilutive securities:
Unvested Class A common shares	—		39	$	—	—		—	$	—
Diluted(1)(2):
Net income attributable to Class A common shareholders	$	43,662	41,855	$	1.04	$	—	—	$	—

	Nine Months Ended September 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	$	25,239	40,042	$	0.63	$	—	—	$	—
Less: Net income available to participating unvested restricted Class A common shareholders(4)	(8,358)		—	$	—	—		—	$	—
Excess preferred carrying amount over consideration paid(5)	32,900		—	$	—	—		—	$	—
Total net income attributable to Class A common shareholders	$	49,781	40,042	$	1.24	$	—	—	$	—
Effect of dilutive securities:
Unvested Class A common shares	—		33	$	—	—		—	$	—
Diluted(1)(2):
Net income attributable to Class A common shareholders	$	49,781	40,075	$	1.24	$	—	—	$	—

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

(5)Represented excess of carrying value of redeemable noncontrolling interest Preferred Units over redemption price at redemption.