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Earnings Per Share (Tables)

9 Months Ended

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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- 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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