Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 72

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 72
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          16,778,290

          23,617,488

          Restricted stock units

          1,764,137

          396,177

          555,495

          Employee stock purchase plan

          22,301

          30,015

          15,329

          Weighted-average common shares outstanding - diluted

          329,513,232

          328,239,604

          327,560,407

          Earnings per share - basic
           
          $
          0.22

          $
          0.26

          $
          0.37

          Earnings per share - diluted
           
          $
          0.21

          $
          0.24

          $
          0.34

        The following potentially dilutive shares were excluded from the computation of diluted earnings per share for the periods presented because including them would have been antidilutive:

          Year Ended December 31,

          2024

          2023

          2022

          Stock options

          4,480,312

          3,457,404

          2,204,216

          Restricted stock units

          350,326

          184,619

          62,140

          Employee stock purchase plan

          49,859

          53,408

          49,645

        Employee Retention Credit In response to the COVID-19 pandemic, the Employee Retention Credit (“ERC”), was established under the Coronavirus Aid, Relief, and Economic Security Act. The ERC is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer paid to employees from March 13, 2020 to December 31, 2020. Companies who meet the eligibility requirements can claim the ERC on an original or adjusted employment tax return for a period within those dates.In March 2024, we determined that we qualify for $4,663 (net of tax advisory costs) in relief for the period from March 13, 2020 to December 31, 2020. Upon receipt of the credit, we will owe tax advisory costs associated with the assessment of the tax credit. This amount was expensed within General and administrative expenses on our consolidated statements of operations during the year ended December 31, 2024. As there is no authoritative guidance under U.S. GAAP for government assistance to for-profit