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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Numerator and Denominator used to Compute Basic and Diluted EPS | The following table reconciles the numerator and denominator used to compute basic and diluted EPS for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 (in thousands):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |
Net income attributable to Parsons Corporation - basic |  | $ | 235,053 |  |  | $ | 161,149 |  |  | $ | 96,664 |
Convertible senior notes if-converted method interest adjustment |  |  | 2,932 |  |  |  | 2,291 |  |  |  | 2,176 |
Net income attributable to Parsons Corporation - diluted |  | $ | 237,985 |  |  | $ | 163,440 |  |  | $ | 98,840 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |
Basic weighted average number of shares outstanding |  |  | 106,274 |  |  |  | 104,992 |  |  |  | 103,758 |
Dilutive effect of stock-based awards |  |  | 1,778 |  |  |  | 1,173 |  |  |  | 808 |
Dilutive effect of warrants |  |  | 494 |  |  |  | — |  |  |  | — |
Dilutive effect of convertible senior notes |  |  | 3,628 |  |  |  | 8,917 |  |  |  | 8,917 |
Diluted weighted average number of shares outstanding |  |  | 112,174 |  |  |  | 115,082 |  |  |  | 113,483 |
Earnings per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.21 |  |  | $ | 1.53 |  |  | $ | 0.93 |
Diluted |  | $ | 2.12 |  |  | $ | 1.42 |  |  | $ | 0.87 |
Schedule of Repurchase Program | The following table summarizes the repurchase activity under the stock repurchase program.
|  | 2024 |  |  | 2023 |
Total shares repurchased |  |  | 287,005 |  |  |  | 233,010 |
Total shares retired |  |  | 287,005 |  |  |  | 233,010 |
Average price paid per share |  | $ | 87.10 |  |  | $ | 47.21 |

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- Definition 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
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