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Earnings Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block] Earnings Per Share
Basic earnings or loss per share is calculated by dividing net income or loss attributable to Red Rock by the weighted-average number of shares of Class A common stock outstanding during the period. The calculation of diluted earnings or loss per share gives effect to all potentially dilutive shares, including shares issuable pursuant to outstanding stock options and nonvested restricted shares of Class A common stock, based on the application of the treasury stock method, and outstanding Class B common stock that is exchangeable, along with an equal number of LLC Units, for Class A common stock, based on the application of the if-converted method.
A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share is presented below (amounts in thousands):
Year Ended December 31,
202520242023
Net income, basic$355,670 $291,292 $337,776 
Less: net income attributable to noncontrolling interests, basic(167,604)(137,241)(161,772)
Net income attributable to Red Rock, basic188,066 154,051 $176,004 
Effect of dilutive securities132,407 108,420 127,800 
Net income attributable to Red Rock, diluted$320,473 $262,471 $303,804 
Year Ended December 31,
202520242023
Weighted-average shares of Class A common stock outstanding, basic
58,964 59,025 57,875 
Effect of dilutive securities
43,631 44,641 45,342 
Weighted-average shares of Class A common stock outstanding, diluted
102,595 103,666 103,217 
The calculation of diluted earnings per share of Class A common stock excluded the following shares that could potentially dilute basic earnings per share in the future because their inclusion would have been antidilutive (amounts in thousands):
As of December 31,
202520242023
Shares issuable upon exercise of stock options
2,546 1,845 2,257 
Shares issuable upon vesting of restricted stock
86 87 149 
Shares of Class B common stock are not entitled to share in the earnings of the Company and are not participating securities. Accordingly, separate presentation of earnings per share of Class B common stock under the two-class method has not been presented.