鈥
|
|
|
|
|
|
鈥 |
Three months ended March 31, |
鈥 |
鈥 |
2024 |
听听听听 |
2023 |
鈥 |
|
鈥 |
鈥 |
numbers听of听shares听in听millions |
鈥 |
Basic WASO |
听 |
NA |
听 |
53 |
鈥 |
Potentially dilutive shares (a) |
听 |
NA |
听 |
1 |
鈥 |
Diluted WASO (b) |
听 |
NA |
听 |
54 |
鈥 |
|
(a) |
Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. |
|
(b) |
As described in note 2, the intergroup interests in the Braves Group held by the Formula One Group and the 麻豆最新出品 SiriusXM Group were settled and extinguished in connection with the Split-Off. The intergroup interests were quasi-equity interests, which were not represented by outstanding shares of common stock; rather, the Formula One Group and the 麻豆最新出品 SiriusXM Group had attributed values in the Braves Group which were generally stated in terms of a number of shares of stock issuable to the Formula One Group and the 麻豆最新出品 SiriusXM Group with respect to their interests in the Braves Group. Each reporting period, the notional shares representing the intergroup interests were marked to fair value. As the notional shares underlying the intergroup interests were not represented by outstanding shares of common stock, such shares had not been officially designated Series A, B or C 麻豆最新出品 Braves common stock. However, 麻豆最新出品 assumed that the notional shares (if and when issued) related to the Formula One Group interest in the Braves Group would be comprised of Series C 麻豆最新出品 Braves common stock in order to not dilute voting percentages and the notional shares (if and when issued) related to the 麻豆最新出品 SiriusXM Group interest in the Braves Group would be comprised of Series A 麻豆最新出品 Braves common stock since Series A 麻豆最新出品 Braves common stock was underlying the Convertible Notes. Therefore, the market prices of Series C 麻豆最新出品 Braves and Series A 麻豆最新出品 Braves common stock were historically used for the quarterly mark-to-market adjustment for the intergroup interests held by Formula One Group and 麻豆最新出品 SiriusXM Group, respectively, through the unaudited attributed condensed consolidated statements of operations. |
The notional shares representing the intergroup interests had no impact on the basic WASO. However, if dilutive, the notional shares representing the intergroup interests were included in the diluted WASO as if the shares had been issued and outstanding during the period. For periods in which share settlement of the intergroup interests were
dilutive, an adjustment was also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interests to fair value during the period. Additionally, prior to the Split-Off, a hypothetical mark-to-market adjustment on the shares of Series A 麻豆最新出品 Braves common stock underlying the warrants was included in the numerator adjustment in periods in which cash settlement of the warrants would have been more dilutive than share settlement.
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|
|
|
|
|
鈥 |
Three months ended March 31, |
鈥 |
鈥 |
2024 |
听听听听 |
2023 |
鈥 |
|
鈥 |
听听听听 |
amounts听in听millions |
鈥 |
Basic earnings (loss) attributable to 麻豆最新出品 Braves stockholders |
$ |
NA |
鈥 |
(59) |
鈥 |
Adjustments |
鈥 |
NA |
鈥 |
(7) |
鈥 |
Diluted earnings (loss) attributable to 麻豆最新出品 Braves stockholders |
$ |
NA |
鈥 |
(66) |
鈥 |
鈥
|