Shareholders' Equity, Noncontrolling interest, and Members' Equity
|6 Months Ended|
Jun. 30, 2022
|Shareholders' Equity, Noncontrolling interest, and Members' Equity||
Note 14. Shareholders' Equity, Noncontrolling interest, and Members' Equity
The Company’s equity consists of a total of 500,000,000 authorized shares across all classes of capital stock, which the Company has the authority to issue. The 500,000,000 authorized shares consist of 10,000,000 authorized shares of preferred stock with a par value of $0.0001 per share, 300,000,000 authorized shares of Class A common stock with a par value of $0.0001 per share, 180,000,000 shares of Class B common stock with a par value of $0.0001 par value per share, and 10,000,000 shares of Class C common stock with a par value of $0.0001 per share.
During the second quarter of 2022, the Company' shareholders exchanged 10,280,331 of Fathom OpCo's exchangeable Class A Units (and the associated vote-only Class B shares) for an equal number of Class A shares. As a result of the exchange, the Company reallocated equity from noncontrolling interests to the Company's additional paid-in-capital and recorded additional deferred tax assets and TRA liability in connection with the exchanges. See the consolidated statement of shareholders' equity and redeemable non-controlling interest for these amounts.
As of June 30, 2022, the Company had no outstanding shares of Preferred Stock, 61,596,519 outstanding shares of Class A common stock, 74,014,640 outstanding shares of Class B common stock, and no outstanding shares of Class C common stock.
The table below demonstrates the calculation of the comprehensive loss attributable to the non-controlling interest holders for the 2022 Successor Period.
Fathom OpCo's equity in the 2021 Predecessor Period consists of Class A common units and Class B common units.
The following table represents a summary of the Company’s Members' Equity as of June 30, 2021 (Predecessor):
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef