XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings per share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings per share [Abstract]  
Basic and Diluted Earnings Per Share
Basic and diluted earnings per share of common stock have been computed as follows (in thousands, except share and per share amounts):


   
For the
three months ended
June 30, 2024
    
For the period from
January 11, 2024 to
June 30, 2024
  
Numerator:
            
Net income attributable to Smith Douglas Homes Corp., Basic
  
$
3,646
    
$
6,618
  
Add: Net income impact from assumed redemption of all LLC Interests to common stock
    
21,088
      
39,762
  
Less: Income tax expense on net income attributable to NCI at 20.8%
    
(4,384
)
    
(8,267
)
Net income attributable to Smith Douglas Homes Corp., after adjustment for assumed redemption, Diluted
  
$
20,350
    
$
38,113
  
                 
Denominator:
                
Weighted average shares of common stock outstanding, Basic
    
8,846,154
      
8,846,154
  
Dilutive effects of:
                
LLC Interests that are exchangeable for common stock
    
42,435,897
      
42,435,897
  
Unvested RSUs
    
149,923
      
132,458
  
Weighted average shares of common stock outstanding, Diluted
    
51,431,974
      
51,414,509
  
                 
Basic earnings per share
  
$
0.41
    
$
0.75
  
Diluted earnings per share
  
$
0.40
    
$
0.74