Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Denominator and Numerator used to Compute Basic and Diluted EPS

The following tables reconcile the denominator and numerator used to compute basic EPS to the denominator and numerator used to compute diluted EPS for the three months ended March 31, 2024 and March 31, 2023 (in thousands):

	Three Months Ended
	March 31, 2024			March 31, 2023
Numerator for Basic and Diluted EPS:
Net income attributable to Parsons Corporation - basic	$	(107,355	)	$	25,553
Convertible senior notes if-converted method interest adjustment		-			551
Net income attributable to Parsons Corporation - diluted	$	(107,355	)	$	26,104
Denominator for Basic and Diluted EPS:
Basic weighted average number of shares outstanding		106,037			104,805
Dilutive effect of stock-based awards		-			1,032
Dilutive effect of convertible senior notes due 2025		-			8,917
Diluted weighted average number of shares outstanding		106,037			114,754
Earnings per share:
Basic	$	(1.01	)	$	0.24
Diluted	$	(1.01	)	$	0.23

Schedule of Repurchase Program

The following table summarizes the repurchase activity under the stock repurchase program:

	Three Months Ended
	March 31, 2024		March 31, 2023
Total shares repurchased		-		139,398
Total shares retired		-		139,398
Average price paid per share	$	-	$	43.04