Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share of common stock have been computed as follows (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | For the three months ended September 30, 2024 | | For the period from January 11, 2024 to September 30, 2024 | | Numerator: | | | | | Net income attributable to Smith Douglas Homes Corp., Basic | $ | 5,347 | | | $ | 11,965 | | | Add: Net income impact from assumed redemption of all LLC Interests to common stock | 32,477 | | | 72,239 | | | Less: Income tax expense on net income attributable to NCI | (7,949) | | | (17,492) | | | Net income attributable to Smith Douglas Homes Corp., after adjustment for assumed redemption, Diluted | $ | 29,875 | | | $ | 66,712 | | | | | | | | Denominator: | | | | | Weighted average shares of common stock outstanding, Basic | 8,846,154 | | 8,846,154 | | Dilutive effects of: | | | | | LLC Interests that are exchangeable for common stock | 42,435,897 | | 42,435,897 | | Unvested RSUs | 251,356 | | 220,362 | | Weighted average shares of common stock outstanding, Diluted | 51,533,407 | | 51,502,413 | | | | | | | Basic earnings per share | $ | 0.60 | | | $ | 1.35 | | | Diluted earnings per share | $ | 0.58 | | | $ | 1.30 | | |
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