| Schedule of reconciliation of net loss and weighted-average shares of common stock outstanding |
The following table reconciles net income (loss) attributable to common stockholders and the weighted average shares outstanding for the basic calculation to the net income (loss) attributable to common stockholders and the weighted average shares outstanding for the diluted calculation for the periods indicated below ($ in thousands, except per share amounts): | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Numerator | | | | | | | | | | | | | Net income (loss) attributable to Target Hospitality Corp. Common Stockholders - basic | $ | (14,931) | | $ | 18,386 | | $ | (21,392) | | $ | 38,769 | | Net income (loss) attributable to Target Hospitality Corp. Common Stockholders - diluted | $ | (14,931) | | $ | 18,386 | | $ | (21,392) | | $ | 38,769 | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Weighted average shares outstanding - basic | | 99,396,381 | | | 100,261,964 | | | 99,254,946 | | | 100,459,835 | | Dilutive effect of outstanding securities: | | | | | | | | | | | | | PSUs | | — | | | 489,018 | | | — | | | 464,219 | | SARs | | — | | | 38,184 | | | — | | | 186,138 | | Stock Options | | — | | | 191,887 | | | — | | | 222,076 | | RSUs | | — | | | 272,127 | | | — | | | 581,546 | | Weighted average shares outstanding - diluted | | 99,396,381 | | | 101,253,180 | | | 99,254,946 | | | 101,913,814 | | | | | | | | | | | | | | | Net income (loss) per share attributable to Target Hospitality Corp. Common Stockholders- basic | $ | (0.15) | | $ | 0.18 | | $ | (0.22) | | $ | 0.39 | | Net income (loss) per share attributable to Target Hospitality Corp. Common Stockholders - diluted | $ | (0.15) | | $ | 0.18 | | $ | (0.22) | | $ | 0.38 | |
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