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Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Common Share
The following table sets forth the
net income (loss) for the three and six months ended June 30, 2021 and 2020 and the 
computation of basic and diluted net loss per common share for the three and six months ended June 30, 2021:
 
 
  
Three months ended June 30,
 
  
Six months ended June 30,
 
(in thousands, except shares and per share data)
  
2021
 
  
2020
 
  
2021
 
  
2020
 
Numerator:
  
     
  
     
  
     
  
     
Net income (loss)
   $ 4,947      $ (10,986    $ (5,523    $ (13,172
Less: net loss attributable to
non-controlling
interests
     (4,533 )             (15,003       
    
 
 
    
 
 
    
 
 
    
 
 
 
Net income (loss) attributable to Class A common s
tock
holders
     9,480               9,480         
Dilutive effect of warrants on net income
 
to
 
Class
 
A
common
 
stockholders
 
 
(13,999

)
 
 
N/A
 
 
 
(13,999

)
 
 
N/A
 
Net income attributable to Class A common stockholders - Diluted
     (4,519      N/A        (4,519      N/A  
Basic and Diluted Earnings Per Share denominator:
                                   
Weighted average common stock outstanding - basic
     167,134,853       
N/A
       166,691,634       
N/A
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Net income per share - basic
   $ 0.06       
N/A
    $ 0.06       
N/A
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive effect of warrants on weighted average common
 
 
 
stock outstanding
 
 
1,749,462
 
 
 
 
N/A
 
 
 
879,564
 
 
 
N/A
 
Weighted average common stock outstanding - diluted
 
 
168,884,315
 
 
 
N/A
 
 
 
167,571,198
 
 
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net
 
loss per share - diluted
 
$
(0.03
)
 
 
 
N/A
 
 
$
(0.03
)
 
 
N/A
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary of Diluted Net Loss Per Share  The table below presents the Company’s potentially dilutive securities: 
 
    
Three and six months ended
June 30, 2021
 
Public Warrants
     23,000,000  
Private Placement Warrants
     10,533,333  
Restricted Stock Units
     2,590,472  
Stock Options
     12,806,407  
    
 
 
 
Potential 
Common Stock
     48,930,212