Leslie's, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Oct. 01, 2022

Note 18—Earnings Per Share

The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):


	Year Ended
	October 1, 2022		October 2, 2021		October 3, 2020
Numerator:
Net income	$	159,029	$	126,634	$	58,561
Denominator:
Weighted average shares outstanding - basic		184,347		185,412		156,500
Effect of dilutive securities:
Stock Options		—		567		—
RSUs		1,801		4,030		—
Weighted average shares outstanding - diluted		186,148		190,009		156,500

Basic earnings per share	$	0.86	$	0.68	$	0.37
Diluted earnings per share	$	0.85	$	0.67	$	0.37

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such shares would have been antidilutive (in thousands):


	Year Ended
	October 1, 2022		October 2, 2021 (1)		October 3, 2020
Stock Options		4,020		321		—
RSUs		601		2		—
Total		4,621		323		—

(1)

Excludes approximately 0.6 million Stock Options with performance conditions that have not yet been met or were not yet established as of October 2, 2021.