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

9 Months Ended

Sep. 30, 2023

Basic net income (loss) per share (“EPS”) is computed by dividing net income (loss) attributable to HireRight Holdings Corporation stockholders 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 and nine months ended September 30, 2023, there were 6,274,784, and 9,136,703 potentially dilutive equity 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 nine months ended September 30, 2022, there were 6,630,588 and 6,799,424 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 nine months ended September 30, 2023 and 2022 were:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands, except share and per share data)
Numerator:
Net income (loss) attributable to HireRight Holdings Corporation	$	(1,655)	$	93,289	$	(7,054)	$	129,299
Denominator:
Weighted average shares outstanding - basic	69,090,882		79,459,633		73,080,851		79,419,725
Effect of dilutive equity awards	—		83,082		—		56,849
Weighted average shares outstanding - diluted	69,090,882		79,542,715		73,080,851		79,476,574

Net income (loss) per share attributable to HireRight Holdings Corporation:
Basic	$	(0.02)	$	1.17	$	(0.10)	$	1.63
Diluted	$	(0.02)	$	1.17	$	(0.10)	$	1.63