Quarterly report pursuant to Section 13 or 15(d)

EARNING PER SHARE (Tables)

v3.22.1
EARNING PER SHARE (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted Basic and diluted weighted average shares outstanding and earning (loss) per share were as follows (in thousands, except share and per share data):
Successor Predecessor
Three Months Ended
March 31, 2022
Three Months Ended
March 31, 2021
Net income (loss) $ 37,811  $ (18,529)
Weighted-average shares outstanding:
Weighted average shares used in computing earning (loss) per share, basic 160,251,199  53,045,510 
Founders advisory fees 14,142,366  — 
Ordinary Shares equivalent of warrants 383,667  — 
Weighted average shares used in computing earning (loss) per share, diluted 174,777,232  53,045,510 
Basic earning (loss) per share $ 0.24  $ (0.35)
Diluted earning (loss) per share $ 0.22  $ (0.35)