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Earnings per share (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings per share [Abstract] |
Basic and Diluted Earnings Per Share | Basic and diluted earnings per share of common stock for the period from January 11, 2024 to March 31, 2024 have been computed as follows (in thousands, except share and per share amounts):
|  | For the period from January 11, 2024 to March 31, 2024 |
Numerator: |  |  |
Net income attributable to Smith Douglas Homes Corp, Basic |  | $ | 2,972 |
Add: Net income impact from assumed redemption of all LLC Interests to common stock |  |  | 18,674 |
Less: Income tax expense on net income attributable to NCI at 25.0% |  |  | (4,661 | )
Net income attributable to Smith Douglas Homes Corp., after adjustment for assumed redemption, Diluted |  | $ | 16,985 |
Denominator: |  |  |  |
Weighted average shares of common stock outstanding, Basic |  |  | 8,846,154 |
Dilutive effects of: |  |  |  |
LLC Interests that are exchangeable for common stock |  |  | 42,435,897 |
Unvested RSUs |  |  | 128,346 |
Weighted average shares of common stock outstanding, Diluted |  |  | 51,410,397 |
Basic earnings per share |  | $ | 0.34 |
Diluted earnings per share |  | $ | 0.33 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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