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

3 Months Ended

Mar. 31, 2023

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 three months ended March 31, 2023, and 2022 there were 8,338,300, and 8,039,980 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 three months ended March 31, 2023 and 2022 were:


	Three Months Ended March 31,
	2023		2022
	(in thousands, except share and per share data)
Numerator:
Net income (loss)	$	(7,911)	$	11,564
Denominator:
Weighted average shares outstanding - basic	77,285,116		79,392,937
Effect of dilutive equity awards	—		—
Weighted average shares outstanding - diluted	77,285,116		79,392,937

Net income (loss) per share:
Basic	$	(0.10)	$	0.15
Diluted	$	(0.10)	$	0.15