NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

A summary of the net income (loss) per share calculation is as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
Numerator - basic and diluted:	2023		2022
Net income (loss) attributable to controlling interests	$	(61,847)	$	79,792

Denominator
Weighted-average common shares - basic common stock	156,792		119,542
Weighted-average common shares - diluted common stock	156,792		131,149

Net income (loss) per share - basic common stock	$	(0.39)	$	0.67
Net income (loss) per share - diluted common stock	$	(0.39)	$	0.61

Denominator
Weighted-average common shares - basic common stock	156,792		119,542
Stock options and other dilutive awards	—		11,607
Weighted-average common shares - diluted common stock	156,792		131,149

Shares excluded from diluted weighted-average shares:1
Earnout shares (potentially issuable common shares)	10,000		10,000
Unvested restricted stock units and restricted stock awards	376		4,979
Stock options potentially exercisable for common shares	9,750		6,500
Shares excluded from diluted weighted average shares	20,126		21,479

(1)The Company’s potentially dilutive securities, which include unexercised stock options, unvested shares, preferred shares, earnout shares, and warrants for common and preferred shares, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share for the three months ended March 31, 2023.