Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.22.1
Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of the Numerators and Denominators used in Computing Basic and Diluted Net Income (Loss) per Share Attributable to Common Stockholders
The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:
  Three Months Ended
  March 31,
  2022 2021
(in thousands, except share and per share data)
Net income (loss) attributable to Envestnet, Inc. (a)
$ (13,859) $ 14,946 
Interest on dilutive Convertible Notes due 2025, net of tax —  1,252 
Net income (loss) attributable to Envestnet, Inc - Diluted (b)
$ (13,859) $ 16,198 
Weighted-average common shares outstanding:
Basic (c)
54,903,677  54,208,469 
Effect of dilutive shares:
Options to purchase common stock —  222,387 
Unvested restricted stock units —  562,606 
Convertible Notes —  4,848,044 
Warrants —  76,142 
Diluted (d)
54,903,677  59,917,648 
Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/c)
$ (0.25) $ 0.28 
Diluted (b/d)
$ (0.25) $ 0.27 
Schedule of Anti-Dilutive Securities Excluded from Computation of Diluted Earnings per Share
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:
Three Months Ended
  March 31,
  2022 2021
(in thousands)
Options to purchase common stock 326,300  — 
Unvested RSUs and PSUs 2,641,362  — 
Warrants 470,000  — 
Convertible Notes 9,898,549  5,050,505 
Total anti-dilutive securities 13,336,211  5,050,505