Basic EPS of Class A common stock is computed by dividing net income attributable to the Company by the weighted average number of shares of Class A common stock outstanding during the period. Diluted EPS of Class A common stock is computed similarly to basic EPS except that the weighted average shares outstanding are increased to include additional shares from the exchange of Class B common stock under the if-converted method and the assumed exercise of any common stock equivalents using the treasury stock method, if dilutive. The Company’s restricted/performance stock units are considered common stock equivalents for this purpose.


	Three Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to Shoals Technologies Group, Inc. - basic	$	4,774	$	14,296
Reallocation of net income attributable to non-controlling interests from the assumed exchange of Class B common stock	—		—
Net income attributable to Shoals Technologies Group, Inc. - diluted	$	4,774	$	14,296
Denominator:
Weighted average shares of Class A common stock outstanding - basic	170,282		146,409
Effect of dilutive securities:
Restricted / performance stock units	232		698
Class B common stock	—		—
Weighted average shares of Class A common stock outstanding - diluted	170,514		147,107

Earnings per share of Class A common stock - basic	$	0.03	$	0.10
Earnings per share of Class A common stock - diluted	$	0.03	$	0.10

For the three months ended March 31, 2024, there were no shares of Class B common stock outstanding. For the three months ended March 31, 2023, the reallocation of net income attributable to non-controlling interests from the assumed exchange of Class B common stock has been excluded along with the