| 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, | | 2026 | | 2025 | | 2026 | | 2025 | | 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, basic | 39,118 | | | 56,404 | | | 82,007 | | | 101,153 | | | Effect of dilutive securities | 271 | | | 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, | | 2026 | | 2025 | | 2026 | | 2025 | | Weighted average shares of Class A common stock outstanding, basic | 57,888 | | | 58,960 | | | 58,045 | | | 59,081 | | | Effect of dilutive securities | 917 | | | 43,770 | | | 1,041 | | | 43,979 | | | Weighted average shares of Class A common stock outstanding, diluted | 58,805 | | | 102,730 | | | 59,086 | | | 103,060 | | | | | | | | | |
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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, 2026 and 2025, respectively, because their inclusion would have been antidilutive (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Shares of Class B common stock and LLC Units exchangeable for Class A common stock | 45,886 | | | — | | | 45,886 | | | — | | | Stock options | 2,632 | | | 3,007 | | | 2,655 | | | 3,007 | | | Unvested restricted shares of Class A common stock | 589 | | | 288 | | | 534 | | | 489 | |
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