Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The following table sets forth the computation of basic and diluted net loss per share and a reconciliation of the weighted average number of shares outstanding:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Net loss attributable to a.k.a. Brands Holding Corp.
$ (114) $ (9,894) $ (2,801) $ (5,991)
Weighted-average common shares outstanding, basic and diluted
128,686,319  88,368,709  128,663,950  81,401,682 
Net loss per share:
Net loss per share, basic and diluted
$ 0.00  $ (0.11) $ (0.02) $ (0.07)
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 earnings per share presented herein and on the condensed consolidated statements of income for all periods prior to the IPO are the same.
Basic net loss per share is calculated by dividing net 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 loss per share has been calculated in a manner consistent with that of basic net loss per share while giving effect to shares of potentially dilutive stock option and RSU grants outstanding during the period, if applicable. Due to the net loss attributable to a.k.a. Brands Holding Corp. for both the three and nine months ended September 30, 2022, no potentially dilutive securities had an impact on diluted loss per share for such periods.