| Schedule of net loss attributable to redeemable noncontrolling interests |
The following table provides the net income attributable to Hoya Topco’s redeemable noncontrolling interests for the years ended December 31, 2024, 2023, and 2022 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
Net income—Hoya Intermediate |
|
$ |
13,427 |
|
|
$ |
69,420 |
|
|
$ |
70,794 |
|
Hoya Topco’s weighted average % allocation of Hoya Intermediate's net income |
|
|
36.3 |
% |
|
|
55.6 |
% |
|
|
59.5 |
% |
Net income attributable to Hoya Topco's redeemable noncontrolling interests |
|
$ |
4,877 |
|
|
$ |
38,605 |
|
|
$ |
42,117 |
|
|
| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted net income per share of Class A common stock for the years ended December 31, 2023 and 2022 (in thousands, except share and per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
Numerator—basic |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
14,302 |
|
|
$ |
113,141 |
|
|
$ |
70,779 |
|
Less: net income attributable to redeemable noncontrolling interests |
|
|
(4,877 |
) |
|
|
(38,605 |
) |
|
|
(42,117 |
) |
Net income attributable to Class A common stockholders—basic |
|
|
9,425 |
|
|
|
74,536 |
|
|
|
28,662 |
|
Denominator—basic |
|
|
|
|
|
|
|
|
|
Weighted average Class A common stock outstanding—basic |
|
|
132,330,914 |
|
|
|
92,678,514 |
|
|
|
80,257,247 |
|
Net income per Class A common stock—basic |
|
$ |
0.07 |
|
|
$ |
0.80 |
|
|
$ |
0.36 |
|
|
|
|
|
|
|
|
|
|
|
Numerator—diluted |
|
|
|
|
|
|
|
|
|
Net income attributable to Class A common stockholders—basic |
|
$ |
9,425 |
|
|
$ |
74,536 |
|
|
$ |
28,662 |
|
Weighted average effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
RSUs |
|
|
8 |
|
|
|
79 |
|
|
|
6 |
|
Redeemable noncontrolling interests |
|
|
2,310 |
|
|
|
(23,401 |
) |
|
|
42,056 |
|
Exercise Warrants |
|
|
— |
|
|
|
— |
|
|
|
55 |
|
Net income attributable to Class A common stockholders—diluted |
|
|
11,743 |
|
|
|
51,214 |
|
|
|
70,779 |
|
Denominator—diluted |
|
|
|
|
|
|
|
|
|
Weighted average Class A common stock outstanding—basic |
|
|
132,330,914 |
|
|
|
92,678,514 |
|
|
|
80,257,247 |
|
Weighted average effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
RSUs |
|
|
586,713 |
|
|
|
424,954 |
|
|
|
28,228 |
|
Redeemable noncontrolling interests |
|
|
76,225,000 |
|
|
|
105,773,973 |
|
|
|
118,200,000 |
|
Exercise Warrants |
|
|
— |
|
|
|
— |
|
|
|
258,906 |
|
Weighted average Class A common stock outstanding—diluted |
|
|
209,142,627 |
|
|
|
198,877,441 |
|
|
|
198,744,381 |
|
Net income per Class A common stock—diluted |
|
$ |
0.06 |
|
|
$ |
0.26 |
|
|
$ |
0.36 |
|
|
| Summary of Potentially Dilutive Securities |
The following table presents potentially dilutive securities that are excluded from the computation of diluted net income per share of Class A common stock for the years ended December 31, 2024, 2023, and 2022 that could potentially dilute earnings per share in the future:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
RSUs |
|
|
4,568,900 |
|
|
|
734,588 |
|
|
|
1,224,919 |
|
Stock options |
|
|
7,401,783 |
|
|
|
8,807,848 |
|
|
|
6,300,837 |
|
Public Warrants and Private Warrants |
|
|
13,286,644 |
|
|
|
13,286,644 |
|
|
|
13,286,644 |
|
Exercise Warrants |
|
|
34,000,000 |
|
|
|
34,000,000 |
|
|
|
17,000,000 |
|
Intermediate Warrants |
|
|
4,000,000 |
|
|
|
4,000,000 |
|
|
|
6,000,000 |
|
|