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)

6 Months Ended

Jun. 30, 2023

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 June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Net income available to common stockholders	$	12,997	$	30,320	$	8,999	$	31,141
Dividends on redeemable preferred stock		—		1,434		—		—
Net income available to common stockholders after assumed conversions	$	12,997	$	31,754	$	8,999	$	31,141

Weighted average common shares outstanding — Basic		119,893		121,529		120,073		122,909
Effect of dilutive securities:
Restricted share units		1,387		668		694		336
Redeemable preferred stock		—		8,361		—		—
Weighted average common shares outstanding — Diluted		121,280		130,558		120,767		123,245
Net income per share available to common stockholders — Basic	$	0.11	$	0.25	$	0.07	$	0.25
Net income per share available to common stockholders — Diluted	$	0.11	$	0.24	$	0.07	$	0.25

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 net income per share because their effect would have been antidilutive:


	As of June 30,
	2023		2022
	(in thousands)
Stock options		1,306		897
Ares warrants		1,100		1,100
Public and Private warrants		17,333		17,333
Series A redeemable preferred stock		8,439		—
Ares Put Option	*		*