Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.22.0.1
Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share and a reconciliation of the weighted average number of shares outstanding:
Year Ended December 31,
2021 2020 2019
Numerator:
Net income (loss) attributable to a.k.a. Brands Holding Corp. $ (5,968) $ 14,334  $ 1,394 
Denominator:
Weighted-average common shares outstanding, basic
 93,231,377  69,846,362  61,988,641 
Dilutive securities:
Stock options —  —  — 
RSUs —  —  — 
Weighted-average common shares outstanding, diluted
 93,231,377  69,846,362  61,988,641 
Net income (loss) per share:
Net income (loss) per share, basic
 $ (0.06) $ 0.21  $ 0.02 
Net income (loss) per share, diluted
 $ (0.06) $ 0.21  $ 0.02 
Due to the reorganization transactions as described in Note 1, for periods prior to our IPO in September 2021, a split of units held by New Excelerate investors into a proportionate amount of shares of the Company’s common stock is reflected in the weighted-average common shares outstanding. The Company used the two-class method in calculating net income per share historically, as it related to the outstanding incentive units. However, for all periods prior to the IPO, there were no potentially dilutive securities. Accordingly, basic and diluted net income per share presented herein and on the condensed consolidated statements of income for all periods prior to the IPO are the same.
Basic net income (loss) per share is calculated by dividing net income (loss) attributable to a.k.a. Brands Holding Corp. for the period by the weighted-average number of shares of common stock for the period. Diluted net income (loss) per share has been calculated in a manner consistent with that of basic net income (loss) per share while giving effect to shares of potentially dilutive stock option and RSU grants outstanding during the period, if applicable.