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Earnings (Loss) per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings (Loss) per Share |
Schedule of reconciliation of net loss and weighted-average shares of common stock outstanding | The following table reconciles net income attributable to common stockholders and the weighted average shares outstanding for the basic calculation to the net income attributable to common stockholders and the weighted average shares outstanding for the diluted calculation for the periods indicated below ($ in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the Three Months Ended | ​ | For the Nine Months Ended | ​
​ | September 30, | ​ | September 30, | ​ | September 30, | ​ | September 30, | ​
​ | 2024 | ​ | 2023 | ​ | 2024 |  | 2023 |
Numerator | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Target Hospitality Corp. Common Stockholders - basic | $ | 19,994 | ​ | $ | 45,579 | ​ | $ | 58,763 | ​ | $ | 135,857 | ​
Change in fair value of warrant liabilities | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,809) | ​
Net income attributable to Target Hospitality Corp. Common Stockholders - diluted | $ | 19,994 | ​ | $ | 45,579 | ​ | $ | 58,763 | ​ | $ | 134,048 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding - basic | ​ | 100,438,559 | ​ | ​ | 101,620,537 | ​ | ​ | 100,452,691 | ​ | ​ | 101,246,546 | ​
Dilutive effect of outstanding securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Warrants | ​ | — | ​ | ​ | 1,201,020 | ​ | ​ | — | ​ | ​ | 1,728,214 | ​
PSUs | ​ | 511,871 | ​ | ​ | 526,674 | ​ | ​ | 479,391 | ​ | ​ | 495,718 | ​
SARs | ​ | 858 | ​ | ​ | 210,299 | ​ | ​ | 108,238 | ​ | ​ | 264,269 | ​
Stock Options | ​ | 104,125 | ​ | ​ | 427,347 | ​ | ​ | 180,800 | ​ | ​ | 545,229 | ​
RSUs | ​ | 241,091 | ​ | ​ | 1,107,817 | ​ | ​ | 523,342 | ​ | ​ | 1,352,163 | ​
Weighted average shares outstanding - diluted | ​ | 101,296,504 | ​ | ​ | 105,093,694 | ​ | ​ | 101,744,462 | ​ | ​ | 105,632,139 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per share attributable to Target Hospitality Corp. Common Stockholders- basic | $ | 0.20 | ​ | $ | 0.45 | ​ | $ | 0.58 | ​ | $ | 1.34 | ​
Net income per share attributable to Target Hospitality Corp. Common Stockholders - diluted | $ | 0.20 | ​ | $ | 0.43 | ​ | $ | 0.58 | ​ | $ | 1.27 | ​

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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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