Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.22.2
Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
 
Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding for the period. For the calculation of diluted net income (loss) per share, the basic weighted average number of shares is increased by the dilutive effect of stock options, common warrants, restricted stock awards and restricted stock units and convertible notes, if dilutive, using either the treasury method or if-converted method as appropriate.

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 Six Months Ended
  June 30, June 30,
  2022 2021 2022 2021
(in thousands, except share and per share data)
Net income (loss) attributable to Envestnet, Inc. (a)
$ (23,285) $ (8,281) $ (37,144) $ 6,665 
Weighted-average common shares outstanding:
Basic (b)
55,203,120  54,440,388  55,054,272  54,325,353 
Effect of dilutive shares:
Options to purchase common stock —  —  —  210,381 
Unvested restricted stock units —  —  —  536,186 
Warrants —  —  —  65,026 
Diluted (c)
55,203,120  54,440,388  55,054,272  55,136,946 
Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/b)
$ (0.42) $ (0.15) $ (0.67) $ 0.12 
Diluted (a/c)
$ (0.42) $ (0.15) $ (0.67) $ 0.12 
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:
Three Months Ended Six Months Ended
  June 30, June 30,
  2022 2021 2022 2021
(in thousands)
Options to purchase common stock 319,585  405,638  319,585  — 
Unvested RSUs and PSUs 2,299,589  2,161,056  2,299,589  39,652 
Warrants 470,000  470,000  470,000  — 
Convertible Notes 9,898,549  9,898,549  9,898,549  9,898,549 
Total anti-dilutive securities 12,987,723  12,935,243  12,987,723  9,938,201