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, 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 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

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 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.