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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share of Class A common stock for the three and nine months ended September 30, 2024 and 2023 have been computed as follows (in thousands, except share and per share amounts):

			Three Months Ended September 30,												Nine Months Ended September 30,
Numerator:			2024						2023						2024						2023
Net (loss) income attributable to Brilliant Earth Group, Inc., BASIC			$	(141)					$	245					$	183					$	341
Add: Net (loss) income impact from assumed redemption of all LLC Units to common stock			(934)						1,753						1,184						2,452
Add (less): Income tax benefit (expense) on net (loss) income attributable to NCI			239						(454)						(302)						(634)
Net (loss) income attributable to Brilliant Earth Group, Inc., after adjustment for assumed conversion, DILUTED			$	(836)					$	1,544					$	1,065					$	2,159
Denominator:
Weighted average shares of common stock outstanding, BASIC			13,545,256						12,149,770						13,203,551						11,780,905
Dilutive effects of:
Vested LLC Units that are exchangeable for common stock			—						84,727,903						85,180,049						84,661,708
Unvested LLC Units that are exchangeable for common stock			—						265,750						55,708						380,006
RSUs			—						51,497						87,863						95,846
Weighted average shares of common stock outstanding, DILUTED			13,545,256						97,194,920						98,527,171						96,918,465
BASIC earnings per share			$	(0.01)					$	0.02					$	0.01					$	0.03
DILUTED earnings per share			$	(0.01)					$	0.02					$	0.01					$	0.02

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the securities for the three and nine months ended September 30, 2024 and 2023, that have been excluded from the computations of earnings per share because such impact would have been anti-dilutive:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Vested LLC Units			84,905,562						—						—						—
RSUs			4,386,404						3,226,891						3,616,374						3,075,461
Stock options			681,592						788,020						723,667						806,339
Unvested LLC Units			59,969						—						14,864						—

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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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