v3.24.3
NONCONTROLLING INTERESTS (Tables)
9 Months Ended
Sep. 30, 2024
Noncontrolling Interest [Abstract]  
Schedule of Changes in Noncontrolling Interest
The following table summarizes the changes in ownership of OpCo Units in Nerdy LLC, excluding Earnouts, for the periods presented.
As Of and For The Three Months Ended
September 30,
As Of and For The Nine Months Ended
September 30,
2024202320242023
OpCo Units
Nerdy Inc.
Beginning of period112,245 95,516 106,416 90,654 
Vesting or exercise of equity awards2,227 2,218 6,130 6,387 
Conversion of Combined Interests into Class A Common Stock500 500 2,426 1,193 
Issuance of OpCo units as a result of the Warrant Transactions
— 4,306 — 4,306 
Inclusion of OpCo units as a result of the Earnout Transaction
— 1,875 — 1,875 
End of period114,972 104,415 114,972 104,415 
Legacy Nerdy Holders
Beginning of period65,427 65,803 67,256 65,948 
Vesting or exercise of equity awards16 48 113 596 
Conversion of Combined Interests into Class A Common Stock(500)(500)(2,426)(1,193)
Issuance of OpCo units as a result of the Warrant Transactions
— 513 — 513 
Inclusion of OpCo units as a result of the Earnout Transaction
— 1,343 — 1,343 
End of period64,943 67,207 64,943 67,207 
Total
Beginning of period177,672 161,319 173,672 156,602 
Vesting or exercise of equity awards2,243 2,266 6,243 6,983 
Issuance of OpCo units as a result of the Warrant Transactions
— 4,819 — 4,819 
Inclusion of OpCo units as a result of the Earnout Transaction
— 3,218 — 3,218 
End of period179,915 171,622 179,915 171,622 
Ownership Percentage
Nerdy Inc.
Beginning of period63.2 %59.2 %61.3 %57.9 %
End of period63.9 %60.8 %63.9 %60.8 %
Legacy Nerdy Holders
Beginning of period36.8 %40.8 %38.7 %42.1 %
End of period36.1 %39.2 %36.1 %39.2 %