Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Note 17. 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. This is only applicable to fiscal year 2020 as the preferred shares of P10 Intermediate converted to Class B common shares effective with the IPO.

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

	For the Years Ended
	December 31,
	2021		2020		2019
Numerator:
Numerator for earnings per share
Numerator for earnings per share assuming    dilution	$	9,174	$	23,086	$	11,941
Denominator:
Denominator for basic calculation—Weighted-    average shares		72,660		62,465		62,465
Weighted shares assumed upon exercise of stock    options		39,670		2,440		956
Denominator for earnings per share assuming dilution		112,330		64,905		63,421
Earnings per share—basic	$	0.13	$	0.37	$	0.19
Earnings per share—diluted	$	0.08	$	0.36	$	0.19

The computations of diluted earnings per share excluded options to purchase 0.1 million shares of common stock and 1.2 million restricted stock units for the year ended December 31, 2021 and 0.9 million options and 0 restricted stock units for the year ended December 31, 2020, respectively, because the options were anti-dilutive. See Note 3 for more information related to the restricted stock units.