HireRight Holdings Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 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 equity awards. Diluted net income (loss) per share includes the effects of potentially dilutive equity awards, which include stock options, restricted stock units, and other potentially dilutive equity awards outstanding during the year. For the years ended December 31, 2022, 2021, and 2020 there were 6,913,703, 6,360,367, and 3,755,942 potentially dilutive equity awards, respectively, which were excluded from the calculations of diluted EPS because including them would have had an anti-dilutive effect.

Basic and diluted EPS for the years ended December 31, 2022, 2021, and 2020 were:


	Year Ended December 31,
	2022		2021		2020
	(in thousands, except per share data)
Numerator:
Net income (loss)	$	144,574	$	(21,303)	$	(92,077)
Denominator:
Weighted average shares outstanding - basic	79,344,547		60,821,472		57,168,291
Effect of dilutive equity awards	98,716		—		—
Weighted average shares outstanding - diluted	79,443,263		60,821,472		57,168,291

Net income (loss) per share:
Basic	$	1.82	$	(0.35)	$	(1.61)
Diluted	$	1.82	$	(0.35)	$	(1.61)