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Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and September 30, 2023 (in thousands):

		Three Months Ended								Nine Months Ended
		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
Numerator for Basic and Diluted EPS:
Net income attributable to Parsons Corporation - basic		$	71,951			$	47,447			$	33,768			$	116,241
Convertible senior notes if-converted method interest adjustment			54				559				-				1,665
Net income attributable to Parsons Corporation - diluted		$	72,005			$	48,006			$	33,768			$	117,906
Denominator for Basic and Diluted EPS:
Basic weighted average number of shares outstanding			106,291				104,971				106,211				104,894
Dilutive effect of stock-based awards			1,661				1,178				1,628				1,020
Dilutive effect of warrants			561				—				358				—
Dilutive effect of convertible senior notes due 2025			2,573				8,917				—				8,917
Diluted weighted average number of shares outstanding			111,086				115,066				108,197				114,831
Earnings per share:
Basic		$	0.68			$	0.45			$	0.32			$	1.11
Diluted		$	0.65			$	0.42			$	0.31			$	1.03

Schedule of Repurchase Program

The following table summarizes the repurchase activity under the stock repurchase program:

		Three Months Ended								Nine Months Ended
		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
Total shares repurchased			-				-				131,053				185,475
Total shares retired			-				-				131,053				185,475
Average price paid per share		$	-			$	-			$	76.30			$	43.13

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Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481520/505-30-50-2

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