Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and June 30, 2023 (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024			June 30, 2023
Numerator for Basic and Diluted EPS:
Net income (loss) attributable to Parsons Corporation - basic	$	69,172	$	43,241	$	(38,183	)	$	68,794
Convertible senior notes if-converted method interest adjustment		54		554		-			1,106
Net income (loss) attributable to Parsons Corporation - diluted	$	69,226	$	43,795	$	(38,183	)	$	69,900
Denominator for Basic and Diluted EPS:
Basic weighted average number of shares outstanding		106,303		104,908		106,170			104,856
Dilutive effect of stock-based awards		1,233		883		—			941
Dilutive effect of warrants		415		—		—			—
Dilutive effect of convertible senior notes due 2025		2,573		8,917		—			8,917
Diluted weighted average number of shares outstanding		110,524		114,708		106,170			114,714
Earnings (loss) per share:
Basic	$	0.65	$	0.41	$	(0.36	)	$	0.66
Diluted	$	0.63	$	0.38	$	(0.36	)	$	0.61

Schedule of Repurchase Program

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

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Total shares repurchased		131,053		46,077		131,053		185,475
Total shares retired		131,053		46,077		131,053		185,475
Average price paid per share	$	76.30	$	43.40	$	76.30	$	43.13