| 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 |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Envestnet, Inc. (a)
|
|
$ |
(7,290) |
|
|
$ |
11,740 |
|
|
$ |
(44,434) |
|
|
$ |
18,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average common shares outstanding: |
|
|
|
|
|
|
|
|
Basic (b)
|
|
55,226,777 |
|
|
54,547,858 |
|
|
55,109,387 |
|
|
54,400,247 |
|
| Effect of dilutive shares: |
|
|
|
|
|
|
|
|
| Options to purchase common stock |
|
— |
|
|
201,103 |
|
|
— |
|
|
207,281 |
|
| Unvested restricted stock units |
|
— |
|
|
570,515 |
|
|
— |
|
|
614,005 |
|
|
|
|
|
|
|
|
|
|
| Warrants |
|
— |
|
|
69,151 |
|
|
— |
|
|
66,439 |
|
Diluted (c)
|
|
55,226,777 |
|
|
55,388,627 |
|
|
55,109,387 |
|
|
55,287,972 |
|
|
|
|
|
|
|
|
|
|
| Net income (loss) per share attributable to Envestnet, Inc common stock: |
|
|
|
|
|
|
|
|
Basic (a/b)
|
|
$ |
(0.13) |
|
|
$ |
0.22 |
|
|
$ |
(0.81) |
|
|
$ |
0.34 |
|
Diluted (a/c)
|
|
$ |
(0.13) |
|
|
$ |
0.21 |
|
|
$ |
(0.81) |
|
|
$ |
0.33 |
|
|
| 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 |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
|
|
|
|
(in thousands) |
| Options to purchase common stock |
|
281,535 |
|
|
— |
|
|
281,535 |
|
|
— |
|
| Unvested RSUs and PSUs |
|
2,136,483 |
|
|
— |
|
|
2,136,483 |
|
|
— |
|
| Warrants |
|
470,000 |
|
|
— |
|
|
470,000 |
|
|
— |
|
| Convertible Notes |
|
9,898,549 |
|
|
9,898,549 |
|
|
9,898,549 |
|
|
9,898,549 |
|
| Total anti-dilutive securities |
|
12,786,567 |
|
|
9,898,549 |
|
|
12,786,567 |
|
|
9,898,549 |
|
|