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Earnings per share (Tables)

3 Months Ended

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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- References

No definition available.

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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

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