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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

Note 15. Earnings Per Share

The Company presents basic EPS and diluted EPS for our common stock. Basic EPS excludes potential dilution and is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if shares of common stock were issued pursuant to our stock-based compensation awards. Additionally, diluted EPS reflects the potential dilution that could occur if convertible preferred shares of P10 Intermediate were converted into common shares of P10 Intermediate.

The following table presents a reconciliation of the numerators and denominators used in the computation of basic and diluted EPS:

 

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic calculation—Net income/(loss)
   attributable to P10

 

$

3,584

 

 

$

(88

)

 

$

7,777

 

 

$

2,880

 

Adjustment for:

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends attributable to redeemable
   noncontrolling interest

 

 

494

 

 

 

153

 

 

 

1,483

 

 

 

306

 

Proportionate share of subsidiary's earnings
   attributable to subsidiary's convertible
   preferred stock under assumed conversion

 

 

(1,563

)

 

 

(233

)

 

 

(3,599

)

 

 

(568

)

Numerator for earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for earnings per share assuming
   dilution

 

$

2,515

 

 

$

(168

)

 

$

5,661

 

 

$

2,618

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic calculation—Weighted-
   average shares

 

 

62,464

 

 

 

62,464

 

 

 

62,464

 

 

 

62,464

 

Weighted shares assumed upon exercise of stock
   options

 

 

4,323

 

 

 

-

 

 

 

4,238

 

 

 

1,978

 

Denominator for earnings per share assuming dilution

 

 

66,787

 

 

 

62,464

 

 

 

66,702

 

 

 

64,442

 

Earnings per share—basic

 

$

0.06

 

 

$

(0.00

)

 

$

0.12

 

 

$

0.05

 

Earnings per share—diluted

 

$

0.04

 

 

$

(0.00

)

 

$

0.08

 

 

$

0.04

 

 

The computations of diluted earnings per share excluded options to purchase 0.0 million and 2.9 million shares of common stock for the three and nine months ended September 30, 2021 and 0.0 million and 2.0 million shares for the three and nine months ended September 30, 2020, respectively, because the options were anti-dilutive.