v3.22.2
Earnings (Loss) Per Share (Notes)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings (Loss) Per Share
Basic earnings per share is computed by dividing net income attributable to BRP Group, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share is computed giving effect to all potentially dilutive shares of common stock.
During the periods presented, potentially dilutive securities include restricted stock awards and shares of Class B common stock, which can be exchanged (together with a corresponding number of LLC Units) for shares of Class A common stock on a one-for-one basis. The following potentially dilutive securities were excluded from the Company's diluted weighted-average number of shares outstanding calculation for the periods presented as their inclusion would have been anti-dilutive.
For the Three Months
 Ended June 30,
For the Six Months
 Ended June 30,
2022202120222021
Unvested restricted shares of Class A common stock— 1,864,337 — — 
Shares of Class B common stock55,442,435 49,575,871 55,442,435 49,575,871 
The shares of Class B common stock do not share in the earnings or losses attributable to BRP Group, and therefore, are not participating securities. Accordingly, a separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been included.
The following is a calculation of the basic and diluted weighted-average number of shares of Class A common stock outstanding and earnings per share for the three and six months ended June 30, 2022 and 2021:
For the Three Months
 Ended June 30,
For the Six Months
 Ended June 30,
(in thousands, except per share data)2022202120222021
Basic earnings (loss) per share:
Net income (loss) attributable to BRP Group, Inc.$8,642 $(10,093)$31,511 $5,213 
Shares used for basic earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding - basic56,27044,67155,99744,464
Basic earnings (loss) per share$0.15 $(0.23)$0.56 $0.12 
Diluted earnings (loss) per share:
Net income (loss) attributable to BRP Group, Inc.$8,642 $(10,093)$31,511 $5,213 
Shares used for diluted earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding56,270 44,671 55,997 44,464 
Dilutive effect of unvested restricted shares of Class A common stock 3,589 — 3,357 1,696 
Weighted-average shares of Class A common stock outstanding - diluted59,859 44,671 59,354 46,160 
Diluted earnings (loss) per share$0.14 $(0.23)$0.53 $0.11