Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted Basic and diluted weighted average shares outstanding and earnings per share were as follows (in thousands, except share and per share data):
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Net income $ 9,431  $ 36,963 
Weighted-average shares outstanding:
Weighted average shares used in computing earnings per share, basic 157,700,326  160,251,199 
Founders advisory fees 11,785,305  14,142,366 
Ordinary Shares equivalent of warrants —  383,667 
Weighted average shares used in computing earnings per share, diluted 169,485,631  174,777,232 
Basic earnings per share $ 0.06  $ 0.23 
Diluted earnings per share $ 0.06  $ 0.21