ARKO Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

Earnings per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

7. Earnings per Share

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


	For the three months ended March 31,
	2021				2020
	(in thousands)
Net loss available to common stockholders	$	(16,138	)	$		(10,456	)
Weighted average common shares outstanding — Basic		124,361				66,731
Effect of dilutive securities:
Common stock equivalents		—				—
Weighted average common shares outstanding — Diluted		124,361				66,731
Net loss per share available to common stockholders — Basic and Diluted	$	(0.13	)	$		(0.16	)

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


	As of March 31,
	2021		2020
	(in thousands)
Stock options		126		—
Ares warrants		1,100		—
Public and Private warrants		17,333		—
Series A redeemable preferred stock		8,333		—
Restricted share units		1,511		184
Convertible bonds (par value)		—		51
Ares Put Option	*			—

* Refer to description of this instrument in Note 8 below.