PRA GROUP INC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
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9. Earnings per Share
- Earnings per Share:
Basic earnings per share ("EPS") are computed by dividing net income available to common stockholders of PRA Group, Inc. by weighted average common shares outstanding. Diluted EPS are computed using the same components as basic EPS, with the denominator adjusted for nonvested share awards, if dilutive. Share-based awards that are contingent upon the attainment of performance goals are included in the computation of diluted EPS if the effect is dilutive. The dilutive effect of nonvested shares is computed using the treasury stock method, which assumes any proceeds that could be obtained upon the vesting of nonvested shares would be used to purchase common shares at the average market price for the period.
The following tables provide a reconciliation between the computation of basic and diluted EPS for the three and six months ended June 30, 2024 and 2023 (amounts in thousands, except per share amounts):
| Three Months Ended June 30, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 · 2023 | ||||||||||
| Net Income Attributable to PRA Group, Inc. · WeightedAverageCommon Shares · EPS · Net Loss Attributable to PRA Group, Inc. · WeightedAverageCommon Shares · EPS | ||||||||||
| Basic EPS | $21,516 | 39,364 | $0.55 | $(3,804) | 39,190 | $(0.10) | ||||
| Dilutive effect of nonvested share awards | 182 | (0.01) | — | — | ||||||
| Diluted EPS | $21,516 | 39,546 | $0.54 | $(3,804) | 39,190 | $(0.10) | ||||
| Six Months Ended June 30, | ||||||||||
| 2024 · 2023 | ||||||||||
| Net Loss Attributable to PRA Group, Inc. · WeightedAverageCommon Shares · EPS · Net Income Attributable to PRA Group, Inc. · WeightedAverageCommon Shares · EPS | ||||||||||
| Basic EPS | $24,991 | 39,319 | $0.64 | $(62,433) | 39,111 | $(1.60) | ||||
| Dilutive effect of nonvested share awards | 178 | (0.01) | — | — | ||||||
| Diluted EPS | $24,991 | 39,497 | $0.63 | $(62,433) | 39,111 | $(1.60) | ||||
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