v3.26.1
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to Red Rock by the weighted-average number of shares of Class A common stock outstanding during the period. The calculation of diluted earnings per share gives effect to all potentially dilutive shares, including shares issuable pursuant to outstanding stock options and nonvested restricted shares of Class A common stock, based on the application of the treasury stock method, and outstanding Class B common stock that is exchangeable, along with an equal number of LLC Units, for Class A common stock, based on the application of the if-converted method. Dilutive shares included in the calculation of diluted earnings per share for the three and six months ended June 30, 2026, represented nonvested restricted shares of Class A common stock and outstanding stock options. Dilutive shares included in the calculation of diluted earnings per share for the three and six months ended June 30, 2025, represented outstanding shares of Class B common stock, nonvested restricted shares of Class A common stock and outstanding stock options. All other potentially dilutive securities have been excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive.
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,
2026202520262025
Net income$76,592 $108,253 $159,312 $194,203 
Less: net income attributable to noncontrolling interests(37,474)(51,849)(77,305)(93,050)
Net income attributable to Red Rock, basic39,118 56,404 82,007 101,153 
Effect of dilutive securities271 40,961 633 73,509 
Net income attributable to Red Rock, diluted$39,389 $97,365 $82,640 $174,662 
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Weighted average shares of Class A common stock outstanding, basic57,888 58,960 58,045 59,081 
Effect of dilutive securities917 43,770 1,041 43,979 
Weighted average shares of Class A common stock outstanding, diluted58,805 102,730 59,086 103,060 
The calculation of diluted earnings per share of Class A common stock excluded the following potentially dilutive securities that were outstanding at June 30, 2026 and 2025, respectively, because their inclusion would have been antidilutive (amounts in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Shares of Class B common stock and LLC Units
exchangeable for Class A common stock
45,886 — 45,886 — 
Stock options2,632 3,007 2,655 3,007 
Unvested restricted shares of Class A common stock589 288 534 489 
Shares of Class B common stock are not entitled to share in the earnings of the Company and are not participating securities. Accordingly, earnings per share of Class B common stock under the two-class method has not been presented.