Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method |
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net income (loss) per share of Class A common stock (in thousands, except share and per share data):
| | | | | | | | | | | | | Three Months Ended March 31, | | 2023 | | 2022 | Numerator: | | | | Net income | $ | 35,674 | | | $ | 162,804 | | Less: | | | | Net loss attributable to redeemable equity in Public SPACs prior to IPO | — | | | (517) | | Net income attributable to other non-controlling interests prior to Reorganization and IPO | — | | | 966 | | Net income attributable to TPG Group Holdings prior to Reorganization and IPO | — | | | 5,256 | | Net income subsequent to IPO | 35,674 | | | 157,099 | | Less: | | | | Net income attributable to participating securities | — | | | 4,770 | | Net income attributable to redeemable equity in Public SPACs subsequent to IPO | 1,529 | | | 1,823 | | Net loss attributable to non-controlling interests in TPG Operating Group subsequent to IPO | (25,492) | | | (9,721) | | Net income attributable to other non-controlling interests subsequent to IPO | 34,582 | | | 118,904 | | Net income attributable to Class A Common Stockholders prior to distributions | 25,055 | | | 41,323 | | Reallocation of earnings to unvested participating restricted stock units | (3,888) | | | — | | Net income attributable to Class A Common Stockholders - Basic | 21,167 | | | 41,323 | | Net loss attributable to non-controlling interests in TPG Operating Group subsequent to IPO | — | | | (8,095) | | Net loss assuming exchange of non-controlling interest | (23,424) | | | — | | Reallocation of income from participating securities assuming exchange of Common Units | — | | | 1,093 | | Net (loss) income attributable to Class A Common Stockholders - Diluted | $ | (2,257) | | | $ | 34,321 | | Denominator: | | | | Weighted-Average Shares of Common Stock Outstanding - Basic | 79,499,319 | | 79,240,057 | Exchange of Common Units to Class A Common Stock | 229,641,530 | | 229,652,641 | Weighted-Average Shares of Common Stock Outstanding - Diluted | 309,140,849 | | 308,892,698 | Net income (loss) available to Class A common stock per share | | | | Basic | $ | 0.27 | | | $ | 0.52 | | Diluted | $ | (0.01) | | | $ | 0.11 | | Dividends declared per share of Class A Common Stock (a) | $ | 0.50 | | | $ | — | |
___________ (a)Dividends declared reflects the calendar date of the declaration for each distribution.
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