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)

3 Months Ended

Mar. 31, 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 March 31,
	2023			2022
	(in thousands)
Net (loss) income available to common stockholders	$	(3,998	)	$	821
Change in fair value of Ares Put Option (see Note 10)		—			(1,062	)
Net loss available to common stockholders after assumed conversions	$	(3,998	)	$	(241	)

Weighted average common shares outstanding — Basic		120,253			124,301
Effect of dilutive securities:
Restricted share units		—			4
Ares Put Option		—			1,128
Weighted average common shares outstanding — Diluted		120,253			125,433
Net (loss) income per share available to common stockholders — Basic	$	(0.03	)	$	0.01
Net loss per share available to common stockholders — Diluted	$	(0.03	)	$	(0.00	)

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 March 31,
	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		8,418		8,347
RSUs and PSUs		4,582		—
Ares Put Option	*			—