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Earnings Per Share (Tables)

9 Months Ended

Sep. 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								Nine Months Ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
Basic weighted average number of shares outstanding			104,970,645				103,608,135				104,894,448				103,684,048
Stock-based awards			1,177,894				918,090				1,020,082				746,702
Convertible senior notes			8,916,530				8,916,530				8,916,530				8,916,530
Diluted weighted average number of shares outstanding			115,065,069				113,442,755				114,831,060				113,347,280

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								Nine Months Ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
Net income attributable to Parsons Corporation		$	47,447			$	29,571				116,241				68,533
Convertible senior notes if-converted method interest adjustment			559				545				1,665				1,627
Diluted net income attributable to Parsons Corporation		$	48,006			$	30,116				117,906				70,160

Schedule of Repurchase Program

The table below presents information on this repurchase program:

		Three Months Ended								Nine Months Ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
Total shares repurchased			-				95,413				185,475				522,501
Total shares retired			-				95,413				185,475				522,501
Average price paid per share		$	-			$	41.42			$	43.13			$	37.32

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

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