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Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

(13) Earnings per Share

 

Our common equity consists of Class A Common Stock and Class B Common Stock (the “Common Stock”).

 

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of Common Stock outstanding during the period plus any potentially dilutive Common Stock, such as restricted stock awards, restricted stock units, and performance-based units calculated using the treasury stock method.

 

The following table presents the reconciliation between the weighted average number of shares for basic and diluted earnings per share.

 

 

 

Successor

 

 

 

Predecessor

 

 

 

For the Three Months Ended
September 30, 2022

 

 

For the Three Months Ended
September 30, 2021

 

 

For the Nine Months Ended
September 30, 2022

 

 

For the Period
February 3, 2021
through September 30, 2021

 

 

 

For the Period
January 1, 2021
through
February 2, 2021

 

 Weighted-average shares outstanding - basic

 

 

20,024

 

 

 

19,999

 

 

 

20,016

 

 

 

19,997

 

 

 

 

14,845

 

 Potentially dilutive stock awards and units

 

 

66

 

 

 

-

 

 

 

58

 

 

 

-

 

 

 

 

60

 

 Weighted-average shares outstanding - diluted

 

 

20,090

 

 

 

19,999

 

 

 

20,074

 

 

 

19,997

 

 

 

 

14,905