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

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

. 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 June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)
Net income available to common stockholders	$	24,085	$	21,895	$	7,947	$	11,439
Dividends on redeemable preferred stock		1,434		—		—		—
Net income available to common stockholders after assumed conversions	$	25,519	$	21,895	$	7,947	$	11,439

Weighted average common shares outstanding — Basic		124,428		69,490		124,395		68,118
Effect of dilutive securities:
Restricted share units		252		—		138		—
Ares warrants		19		—		10		—
Redeemable preferred stock		8,333		—		—		—
Weighted average common shares outstanding — Diluted		133,032		69,490		124,543		68,118
Net income per share available to common stockholders — Basic	$	0.19	$	0.32	$	0.06	$	0.17
Net income per share available to common stockholders — Diluted	$	0.19	$	0.32	$	0.06	$	0.17

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 June 30,
	2021		2020
	(in thousands)
Public and Private warrants		17,333		—
Stock options		126		—
Restricted share units		—		96
Convertible bonds (par value)		—		51
Ares Put Option	*			—

* Refer to description of this instrument in Note 9 below.