Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.24.0.1
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 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):
Successor Predecessor
Year Ended December 31, 2023 Year Ended December 31, 2022
November 9, 2021
Through
December 31, 2021
January 1, 2021
Through
November 8, 2021
Net income (loss) $ 67,486  $ 91,758  $ (682,149) $ 20,629 
Weighted-average shares outstanding:
Weighted average shares used in computing earnings per share, basic 154,666,717  160,937,575  157,158,579  53,045,510 
Founders advisory fees 11,785,305  14,142,366  —  — 
Weighted average shares used in computing earnings per share, diluted 166,452,022  175,079,941  157,158,579  53,045,510 
Basic earnings per share $ 0.44  $ 0.57  $ (4.34) $ 0.39 
Diluted earnings per share $ 0.41  $ 0.52  $ (4.34) $ 0.39