Net Income Per Share

12 Months Ended

Dec. 31, 2023

14. Net Income Per Share

On July 31, 2023, in connection with the separation from JS Global, 138,982,872 shares of common stock of SharkNinja, Inc. were distributed to JS Global shareholders. The distributed share amount of SharkNinja, Inc. is utilized for the calculation of basic and diluted net income per share of the Company for all periods presented prior to the separation and distribution from JS Global. For the years ended December 31, 2023, 2022 and 2021, these shares are treated as issued and outstanding for purposes of calculating historical net income per share. For periods prior to the separation and distribution, it is assumed that there are no dilutive equity instruments as there were no equity awards of SharkNinja, Inc. outstanding prior to the separation and distribution.

The following table sets forth the computation of basic and diluted net income per share for the periods presented:


	Years Ended December 31,
	2023		2022		2021

	(in thousands, except share and per share data)
Numerator:
Net income	$	167,078	$	232,354	$	331,113
Denominator:
Weighted-average shares used in computing net income per share, basic	139,025,657		138,982,872		138,982,872
Dilutive effect of RSUs	394,597		—		—
Weighted-average shares used in computing net income per share, diluted	139,420,254		138,982,872		138,982,872
Net income per share, basic	$	1.20	$	1.67	$	2.38
Net income per share, diluted	$	1.20	$	1.67	$	2.38

Potential ordinary shares of certain performance-based and market-based RSUs of approximately 1,659,314 for the year ended December 31, 2023, for which all targets required to trigger vesting had not been achieved, were excluded from the calculations of weighted average shares used in computing diluted net income per share.