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, 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 September 30,					For the Nine Months Ended September 30,
	2023		2022			2023		2022
	(in thousands)
Net income available to common stockholders	$	19,991	$	23,494		$	28,990	$	54,635
Dividends on redeemable preferred stock		—		1,449			—		—
Changes in fair value of Ares Put Option (See Note 10)		—		(2,425	)		—		(1,894	)
Net income available to common stockholders after assumed conversions	$	19,991	$	22,518		$	28,990	$	52,741

Weighted average common shares outstanding — Basic		118,389		120,074			119,505		121,950
Effect of dilutive securities:
Restricted share units		1,903		1,182			1,097		618
Ares Put Option		—		757			—		959
Redeemable preferred stock		—		8,375			—		—
Weighted average common shares outstanding — Diluted		120,292		130,388			120,602		123,527
Net income per share available to common stockholders — Basic	$	0.17	$	0.20		$	0.24	$	0.45
Net income per share available to common stockholders — Diluted	$	0.17	$	0.17		$	0.24	$	0.43

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 September 30,
	2023		2022
	(in thousands)
Stock options		1,306		897
Ares warrants		1,100		1,100
Public and Private warrants		17,333		17,333