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Earnings (Loss) per Share ("EPS")
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings (Loss) per Share ("EPS") Earnings (Loss) per Share ("EPS")
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 (which does not include treasury stock). 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 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.
Basic and diluted EPS of Class A common stock have been computed as follows (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Net income (loss) attributable to Shoals Technologies Group, Inc. - basic$(267)$(9,828)$16,309 $23,392 
Reallocation of net income attributable to non-controlling interests from the assumed exchange of Class B common stock— — — — 
Net income (loss) attributable to Shoals Technologies Group, Inc. - diluted(267)(9,828)16,309 23,392 
Denominator:
Weighted average shares of Class A common stock outstanding - basic167,318 169,965 169,190 162,173 
Effect of dilutive securities:
Restricted / performance stock units63 — 120 438 
Class B common stock— — — — 
Weighted average shares of Class A common stock outstanding - diluted167,381 169,965 169,310 162,611 
Earnings (loss) per share of Class A common stock - basic$ (0.00)$(0.06)$0.10 $0.14 
Earnings (loss) per share of Class A common stock - diluted$ (0.00)$(0.06)$0.10 $0.14 
For the nine months ended September 30, 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 dilutive effect of Class B common stock to the weighted average shares of Class A common stock outstanding – dilutive, as they were antidilutive.
For the three months ended September 30, 2023 and three and nine months ended September 30, 2024 there were no shares of Class B common stock outstanding as all outstanding shares of Class B common stock (together with the relevant limited liability units) were exchanged for Class A common stock in the first quarter of 2023. For the three months ended September 30, 2023, the assumed exercise of any restricted and performance stock units has been excluded as they were antidilutive.