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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2023 and 2022 have been computed as follows (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Numerator: | 2023 |  | 2022 |  | 2023 |  | 2022
Net income attributable to Brilliant Earth Group, Inc., BASIC | $ | 245 |  |  | $ | 646 |  |  | $ | 341 |  |  | $ | 1,426 |
Add: Net income impact from assumed redemption of all LLC Units to common stock | 1,753 |  |  | 5,073 |  |  | 2,452 |  |  | 11,413 |
Less: Income tax expense on net income attributable to NCI | (454) |  |  | (1,350) |  |  | (634) |  |  | (2,953) |
Net income attributable to Brilliant Earth Group, Inc., after adjustment for assumed conversion, DILUTED | $ | 1,544 |  |  | $ | 4,369 |  |  | $ | 2,159 |  |  | $ | 9,886 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of common stock outstanding, BASIC | 12,149,770 |  |  | 10,884,306 |  |  | 11,780,905 |  |  | 10,571,777 |
Dilutive effects of: |  |  |  |  |  |  |
Vested LLC Units that are exchangeable for common stock | 84,727,903 |  |  | 84,478,855 |  |  | 84,661,708 |  |  | 84,579,316 |
Unvested LLC Units that are exchangeable for common stock | 265,750 |  |  | 919,067 |  |  | 380,006 |  |  | 1,154,306 |
RSUs | 51,497 |  |  | 292,234 |  |  | 95,846 |  |  | 183,490 |
Weighted average shares of common stock outstanding, DILUTED | 97,194,920 |  |  | 96,574,462 |  |  | 96,918,465 |  |  | 96,488,889 |
BASIC earnings per share | $ | 0.02 |  |  | $ | 0.06 |  |  | $ | 0.03 |  |  | $ | 0.13 |
DILUTED earnings per share | $ | 0.02 |  |  | $ | 0.05 |  |  | $ | 0.02 |  |  | $ | 0.10 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table presents the shares underlying RSUs and stock options for the three and nine months ended September 30, 2023 and 2022 that have been excluded from the computation of earnings per share because such impact is anti-dilutive:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
RSUs | 3,226,891 |  |  | 2,250,505 |  |  | 3,075,461 |  |  | 2,039,301 |
Stock options | 788,020 |  |  | 955,961 |  |  | 806,339 |  |  | 1,182,592 |

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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 + Details
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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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