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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share of common stock for the three and six months ended June 30, 2023 and 2022 have been computed as follows (in thousands, except share and per share amounts):

			Three Months Ended June 30,												Six Months Ended June 30,
Numerator:			2023						2022						2023						2022
Net income attributable to Brilliant Earth Group, Inc., BASIC			$	148					$	424					$	96					$	780
Add: Net income impact from assumed redemption of all LLC Units to common stock			1,087						3,327						699						6,340
Less: Income tax expense on net income attributable to NCI			(281)						(850)						(181)						(1,603)
Net income attributable to Brilliant Earth Group, Inc., after adjustment for assumed conversion, DILUTED			$	954					$	2,901					$	614					$	5,517
Denominator:
Weighted average shares of common stock outstanding, BASIC			11,796,639						10,810,627						11,593,416						10,412,922
Dilutive effects of:
Vested LLC Units that are exchangeable for common stock			84,638,225						84,404,337						84,628,063						84,630,379
Unvested LLC Units that are exchangeable for common stock			378,310						929,489						439,436						1,276,767
RSUs and stock options			76,680						64,249						159,370						66,794
Weighted average shares of common stock outstanding, DILUTED			96,889,854						96,208,702						96,820,285						96,386,862
BASIC earnings per share			$	0.01					$	0.04					$	0.01					$	0.07
DILUTED earnings per share			$	0.01					$	0.03					$	0.01					$	0.06

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the shares underlying stock options and RSUs for the three and six months ended June 30, 2023 and 2022 that have been excluded from the computation of earnings per share because such impact is anti-dilutive:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
RSUs			3,524,279						2,369,323						2,896,832						1,990,846
Stock options			799,329						1,132,666						815,650						1,316,755

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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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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