ARKO Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Basic and Diluted Net Income Per Share of Common Stock

The following table sets forth the computation of basic and diluted net income per share of common stock:


	For the Year Ended December 31,
	2021			2020		2019
	(in thousands)
Net income (loss) available to common stockholders	$	53,463		$	10,433	$	(43,539	)
Change in fair value of Ares Put Option		(927	)		—		—
Net income (loss) available to common stockholders after assumed conversions	$	52,536		$	10,433	$	(43,539	)

Weighted average common shares outstanding — Basic (*)		124,412			71,074		66,701
Effect of dilutive securities:
Restricted share units		259			—		—
Ares Put Option		766			—		—
Weighted average common shares outstanding — Diluted		125,437			71,074		66,701
Net income (loss) per share available to common stockholders — Basic	$	0.43		$	0.15	$	(0.65	)
Net income (loss) per share available to common stockholders — Diluted	$	0.42		$	0.15	$	(0.65	)

(*) adjusted to reflect the right offering completed in 2020, as detailed in Note 17 above.

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share

The following potential shares of common stock have been excluded from the computation of diluted earnings per share because their effect would be antidilutive:


	As of December 31,
	2021		2020		2019
	(in thousands)
Ares Warrants		1,100		1,100		—
Public and private warrants		17,333		17,333		—
Ares Put Option		—	*			—
Series A redeemable preferred stock		8,333		8,333		—
Stock options		126		—		—
Restricted share units		—		—		184
Convertible bonds (par value)		—		—		86

(*) Refer to description of this instrument in Note 11 above.