v3.26.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Denominator and Numerator used to Compute Basic and Diluted EPS

The following tables reconcile the denominator and numerator used to compute basic EPS to the denominator and numerator used to compute diluted EPS for the three months ended March 31, 2026 and March 31, 2025 (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

Numerator for Basic and Diluted EPS:

 

 

 

 

 

 

Net income attributable to Parsons Corporation - basic

 

$

52,926

 

 

$

66,203

 

Convertible senior notes if-converted method interest adjustment

 

 

-

 

 

 

54

 

Net income attributable to Parsons Corporation - diluted

 

$

52,926

 

 

$

66,257

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic and Diluted EPS:

 

 

 

 

 

 

Basic weighted average number of shares outstanding

 

 

107,182

 

 

 

106,831

 

Dilutive effect of stock-based awards

 

 

1,182

 

 

 

1,637

 

Dilutive effect of warrants

 

 

28

 

 

 

440

 

Dilutive effect of convertible senior notes due 2025

 

 

-

 

 

 

2,118

 

Diluted weighted average number of shares outstanding

 

 

108,392

 

 

 

111,026

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.49

 

 

$

0.62

 

Diluted

 

$

0.49

 

 

$

0.60

 

Schedule of Repurchase Program

The following table summarizes the repurchase activity under the stock repurchase program:

 

 

 

Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

Total shares repurchased

 

 

583,375

 

 

 

423,980

 

Total shares retired

 

 

583,375

 

 

 

423,980

 

Average price paid per share (1)

 

$

59.99

 

 

$

58.95

 

(1) Includes commissions in the calculation of average price per share