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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Denominator and Numerator used to Compute Basic and Diluted EPS | The following tables reconcile the denominator and numerator used to compute basic EPS to the denominator and numerator used to compute diluted EPS for the three and six months ended June 30, 2024 and June 30, 2023 (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Parsons Corporation - basic |  | $ | 69,172 |  |  | $ | 43,241 |  |  | $ | (38,183 | ) |  | $ | 68,794 |
Convertible senior notes if-converted method interest adjustment |  |  | 54 |  |  |  | 554 |  |  |  | - |  |  |  | 1,106 |
Net income (loss) attributable to Parsons Corporation - diluted |  | $ | 69,226 |  |  | $ | 43,795 |  |  | $ | (38,183 | ) |  | $ | 69,900 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average number of shares outstanding |  |  | 106,303 |  |  |  | 104,908 |  |  |  | 106,170 |  |  |  | 104,856 |
Dilutive effect of stock-based awards |  |  | 1,233 |  |  |  | 883 |  |  |  | — |  |  |  | 941 |
Dilutive effect of warrants |  |  | 415 |  |  |  | — |  |  |  | — |  |  |  | — |
Dilutive effect of convertible senior notes due 2025 |  |  | 2,573 |  |  |  | 8,917 |  |  |  | — |  |  |  | 8,917 |
Diluted weighted average number of shares outstanding |  |  | 110,524 |  |  |  | 114,708 |  |  |  | 106,170 |  |  |  | 114,714 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.65 |  |  | $ | 0.41 |  |  | $ | (0.36 | ) |  | $ | 0.66 |
Diluted |  | $ | 0.63 |  |  | $ | 0.38 |  |  | $ | (0.36 | ) |  | $ | 0.61 |
Schedule of Repurchase Program | The following table summarizes the repurchase activity under the stock repurchase program:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
Total shares repurchased |  |  | 131,053 |  |  |  | 46,077 |  |  |  | 131,053 |  |  |  | 185,475 |
Total shares retired |  |  | 131,053 |  |  |  | 46,077 |  |  |  | 131,053 |  |  |  | 185,475 |
Average price paid per share |  | $ | 76.30 |  |  | $ | 43.40 |  |  | $ | 76.30 |  |  | $ | 43.13 |

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