Schedule of Earnings Per Share, Basic and Diluted |
A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share is presented below (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Net income | $ | 108,253 | | | $ | 69,810 | | | $ | 194,203 | | | $ | 148,181 | | Less: net income attributable to noncontrolling interests | (51,849) | | | (34,134) | | | (93,050) | | | (69,670) | | Net income attributable to Red Rock, basic | 56,404 | | | 35,676 | | | 101,153 | | | 78,511 | | Effect of dilutive securities | 40,961 | | | 437 | | | 73,509 | | | 55,039 | | Net income attributable to Red Rock, diluted | $ | 97,365 | | | $ | 36,113 | | | $ | 174,662 | | | $ | 133,550 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Weighted average shares of Class A common stock outstanding, basic | 58,960 | | | 59,069 | | | 59,081 | | | 58,935 | | Effect of dilutive securities | 43,770 | | | 1,679 | | | 43,979 | | | 44,785 | | Weighted average shares of Class A common stock outstanding, diluted | 102,730 | | | 60,748 | | | 103,060 | | | 103,720 | | | | | | | | | |
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Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share |
The calculation of diluted earnings per share of Class A common stock excluded the following potentially dilutive securities that were outstanding at June 30, 2025 and 2024, respectively, because their inclusion would have been antidilutive (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Shares of Class B common stock and LLC Units exchangeable for Class A common stock | — | | | 45,986 | | | — | | | — | | Stock options | 3,007 | | | 1,878 | | | 3,007 | | | 2,122 | | Unvested restricted shares of Class A common stock | 288 | | | 87 | | | 489 | | | 87 | |
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