HireRight Holdings Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 30, 2022

Basic net income (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted-average number of outstanding shares during the period.

The weighted average outstanding shares may include potentially dilutive options. Diluted net income (loss) per share includes the effects of potentially dilutive awards. For the three and six months ended June 30, 2022, there were 7,266,364, and 6,883,842 potentially dilutive awards, respectively, which were excluded from the calculations of diluted EPS because including them would have had an anti-dilutive effect. For the three and six months ended June 30, 2021, there were 3,871,610 potentially dilutive awards, which were excluded from the calculation of diluted EPS because including them would have had an anti-dilutive effect.

Basic and diluted EPS for the three and six months ended June 30, 2022 and 2021 were:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands, except share and per share data)
Numerator:
Net income (loss)	$	24,446	$	(3,639)	$	36,010	$	(15,618)
Denominator:
Weighted average shares outstanding - basic	79,405,872		57,168,291		79,399,440		57,168,291
Effect of dilutive options	72,222		—		43,733		—
Weighted average shares outstanding - diluted	79,478,094		57,168,291		79,443,173		57,168,291

Net income (loss) per share:
Basic	$	0.31	$	(0.06)	$	0.45	$	(0.27)
Diluted	$	0.31	$	(0.06)	$	0.45	$	(0.27)