Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliations of the numerators and denominators used to compute basic and diluted earnings (loss) per share of Class A common stock

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted income per share of Class A common stock:

	Three months ended June 30,				Six months ended June 30,
(in 000's, except for per share amounts)	2022		2021		2022		2021
Numerator:
Net income	$	4,678	$	4,034	$	7,838	$	6,420
Less: net income attributable to non-controlling interests	46		8		75		361
Net income attributable to PetIQ, Inc. — basic and diluted	4,632		4,026		7,763		6,059
Denominator:
Weighted-average shares of Class A common stock outstanding — basic	29,283		28,491		29,223		27,444
Dilutive effects of stock options that are convertible into Class A common stock	32		518		47		470
Dilutive effect of RSUs	14		147		34		145
Weighted-average shares of Class A common stock outstanding — diluted	29,329		29,156		29,304		28,059
Earnings per share of Class A common stock — basic	$	0.16	$	0.14	$	0.27	$	0.22
Earnings per share of Class A common stock — diluted	$	0.16	$	0.14	$	0.26	$	0.22