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

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 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 Three Months Ended September 30,					For the Nine Months Ended September 30,
	2021			2020		2021			2020
	(in thousands)
Net income available to common stockholders	$	34,085		$	9,688	$	42,032		$	21,127
Dividends on redeemable preferred stock		1,449			—		—			—
Change in fair value of Ares Put Option		(2,578	)		—		(2,899	)		—
Net income available to common stockholders after assumed conversions	$	32,956		$	9,688	$	39,133		$	21,127

Weighted average common shares outstanding — Basic		124,428			71,390		124,406			69,221
Effect of dilutive securities:
Restricted share units		234			—		170			—
Ares warrants		—			—		6			—
Ares Put Option		930			—		772			—
Redeemable preferred stock		8,333			—		—			—
Weighted average common shares outstanding — Diluted		133,925			71,390		125,354			69,221
Net income per share available to common stockholders — Basic	$	0.27		$	0.14	$	0.34		$	0.31
Net income per share available to common stockholders — Diluted	$	0.25		$	0.14	$	0.31		$	0.31

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 have been antidilutive:


	As of September 30,
	2021		2020
	(in thousands)
Public and Private warrants		17,333		—
Stock options		126		—
Ares warrants		1,100		—
Restricted share units		—		96
Convertible bonds (par value)		—		20

The effect of the potential shares of common stock related to the redeemable preferred stock was antidilutive for the nine month period ended September 30, 2021.