v3.25.1
Earnings Per Share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders (in thousands, except per share amounts):

 

 

 

For The Years Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(68,931

)

 

$

(182,266

)

 

$

(80,561

)

Less: Net loss attributable to noncontrolling interests

 

 

(2,459

)

 

 

(2,232

)

 

 

(312

)

Net loss from continuing operations attributable to common shareholders

 

 

(66,472

)

 

 

(180,034

)

 

 

(80,249

)

Net income from discontinued operations

 

$

48,410

 

 

$

25,431

 

 

$

26,342

 

Net loss attributable to common shareholders

 

$

(18,062

)

 

$

(154,603

)

 

$

(53,907

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

192,997

 

 

 

117,868

 

 

 

117,840

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

 

 

 

RSUs

 

 

 

 

 

 

 

 

 

TEUs

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - diluted

 

 

192,997

 

 

 

117,868

 

 

 

117,840

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.34

)

 

$

(1.53

)

 

$

(0.68

)

Discontinued operations

 

$

0.25

 

 

$

0.22

 

 

$

0.22

 

Net loss

 

$

(0.09

)

 

$

(1.31

)

 

$

(0.46

)

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.34

)

 

$

(1.53

)

 

$

(0.68

)

Discontinued operations

 

$

0.25

 

 

$

0.22

 

 

$

0.22

 

Net loss

 

$

(0.09

)

 

$

(1.31

)

 

$

(0.46

)

 

 

 

 

 

Summary of Shares Excluded from Computation of Diluted Net Loss Per Share

The following potentially common share equivalents were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented, as well as options that are contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):

 

 

 

For The Years Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Stock options (1)

 

 

14,936

 

 

 

14,140

 

 

 

14,324

 

RSUs

 

 

10,587

 

 

 

 

 

 

 

TEUs

 

 

 

 

 

 

 

 

 

Total

 

 

25,523

 

 

 

14,140

 

 

 

14,324