Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.22.2.2
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Weighted Average Shares Outstanding and Earning (Loss) Per Share Basic and diluted weighted average shares outstanding and earnings per share were as follows (in thousands, except share and per share data):
Successor Predecessor Successor Predecessor
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
Nine Months Ended
September 30, 2022
Nine Months Ended
September 30, 2021
Net income $ 78,711  $ 52,009  $ 123,745  $ 29,632 
Weighted-average shares outstanding:
Weighted average shares used in computing earnings per share, basic 162,635,592  53,045,510  161,943,492  53,045,510 
Founders advisory fees 14,142,366  —  14,142,366  — 
Weighted average shares used in computing earnings per share, diluted 176,777,958  53,045,510  176,085,858  53,045,510 
Basic earnings per share $ 0.48  $ 0.98  $ 0.76  $ 0.56 
Diluted earnings per share $ 0.45  $ 0.98  $ 0.70  $ 0.56