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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares Used To Compute Basic and Diluted EPS

The weighted average number of shares used to compute basic and diluted EPS were:

		Three Months Ended								Six Months Ended
		June 30, 2023				June 30, 2022				June 30, 2023				June 30, 2022
Basic weighted average number of shares outstanding			104,907,505				103,675,373				104,856,350				103,722,004
Stock-based awards			883,224				658,198				940,810				729,223
Convertible senior notes			8,916,530				8,916,530				8,916,530				8,916,530
Diluted weighted average number of shares outstanding			114,707,259				113,250,101				114,713,690				113,367,757

Net Income Available to Shareholders to Compute Basic and Diluted EPS

The net income available to shareholders to compute basic and diluted EPS were (in thousands):
 

		Three Months Ended								Six Months Ended
		June 30, 2023				June 30, 2022				June 30, 2023				June 30, 2022
Net income attributable to Parsons Corporation		$	43,241			$	18,295				68,794				38,962
Convertible senior notes if-converted method interest adjustment			554				542				1,106				1,082
Diluted net income attributable to Parsons Corporation		$	43,795			$	18,837				69,900				40,044

Schedule of Repurchase Program

The table below presents information on this repurchase program:

		Three Months Ended								Six Months Ended
		June 30, 2023				June 30, 2022				June 30, 2023				June 30, 2022
Total shares repurchased			46,077				275,652				185,475				427,088
Total shares retired			46,077				275,652				185,475				427,088
Average price paid per share		$	43.40			$	36.28			$	43.13			$	36.40

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Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

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