Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

NOTE 4: EARNINGS (LOSS) PER SHARE

As a result of the 103-for-one stock split and the restructuring transactions, the 281,211,630 shares of our common stock held were distributed to former holders of Class A-1 Units and Class A-2 Units of Dynasty Parent Holdings, L.P. in an aggregate of 275,053,375 shares of our common stock (of which 8,157 will be restricted shares), and also to holders of Class B Units of Dynasty Parent Holdings, L.P. in an aggregate of 6,158,255 shares of our common stock (of which 6,028,394 will be restricted shares). For purposes of the computation of earnings (loss) per share this distribution represented a net 100.79-for-one stock split of our common stock which is retroactively adjusted for all periods presented.

The following table summarize the computation of basic and diluted net income (loss) per share attributable to the stockholders:


		Year ended December 31,
		2024		2023			2022
	(in thousands, except per share amounts)
Numerator for earnings per share:
Net income (loss)		$	10,974	$	(35,061	)	$	(21,000	)

Denominator for earnings per share:
Weighted average common shares - basic			288,415		275,175			275,175
Dilutive effect of stock options and restricted stock awards			1,384		—			—
Weighted average shares - diluted			289,799		275,175			275,175

Earnings (loss) per share:
Basic earnings (loss) per share		$	0.04	$	(0.13	)	$	(0.08	)
Diluted earnings (loss) per share		$	0.04	$	(0.13	)	$	(0.08	)

The Company has contingently issuable shares of 6,306,550 issuable upon the Company’s completion of a liquidity event which has not occurred as of December 31, 2024. These shares are excluded from weighted average common shares - basic but included in calculation of the dilutive effect of stock options and restricted stock awards. See Note 19, Stock Based Compensation for further information.