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Net Income (Loss) per Common Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) per Common Share | Note O – Net Income (Loss) per Common Share A reconciliation of the basic and diluted net income (loss) per share were computed for the periods presented is as follows:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2023 |  | March 31, 2022
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Redwire Corporation |  |  |  |  | $ | (7,258) |  |  | $ | (17,293) |
Less: dividends on Convertible Preferred Stock |  |  |  |  | 4,366 |  |  | — |
Net income (loss) available to common shareholders |  |  |  |  | (11,624) |  |  | (17,293) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares outstanding: |  |  |  |  |  |  |
Basic |  |  |  |  | 64,280,631 |  |  | 62,690,869 |
Diluted |  |  |  |  | 64,280,631 |  |  | 62,690,869 |
Net income (loss) per common share: |  |  |  |  |  |  |
Basic and diluted |  |  |  |  | $ | (0.18) |  |  | $ | (0.28) |
Basic and diluted net income (loss) per common share are calculated by dividing net income (loss) available to common shareholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Net income (loss) available to common shareholders (the numerator) is calculated by deducting both dividends declared and accumulated, regardless of the form of payment, during the period from Net income (loss) attributable to Redwire Corporation as presented on the condensed consolidated statements of operations and comprehensive income (loss). Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares and common equivalent shares outstanding for the periods presented using the treasury-stock method or, for participating securities, the if-converted method or two-class method, whichever is more dilutive. Common equivalent shares outstanding includes the dilutive effects from the assumed issuance, exercise or conversion of warrants, equity-based awards, and the Convertible Preferred Stock, except when antidilutive. Because the Company had a net loss for all periods presented, the Company did not have any dilutive securities and/or other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted net income (loss) per common share is the same as basic net income (loss) per common share for the periods presented. Please refer to Note D – Fair Value of Financial Instruments, Note K – Convertible Preferred Stock, and Note N – Equity-Based Compensation for additional information on the Company’s warrants, Convertible Preferred Stock, and equity-based compensation awards, respectively.

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