Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2014

12.Earnings Per Share

Basic net income per share attributable to Envestnet, Inc. is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. For the calculation of diluted earnings per share attributable to Envestnet, Inc., the basic weighted average number of shares is increased by the dilutive effect of stock options, common warrants and restricted stock using the treasury-stock method.

The following table provides a reconciliation of the numerators and denominators used in computing basic and diluted net income per share attributable to Envestnet, Inc.:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013

Net income attributable to Envestnet, Inc.	$	3,768	$	1,306	$	10,481	$	2,965

Basic number of weighted-average shares outstanding	34,674,245		33,686,112		34,447,619		32,912,084
Effect of dilutive shares:
Options to purchase common stock	2,179,828		2,057,245		2,190,134		1,812,114
Common warrants	—		—		—		434,392
Unvested restricted stock	152,723		128,618		194,401		101,454
Diluted number of weighted-average shares outstanding	37,006,796		35,871,975		36,832,154		35,260,044

Net income per share attribuatable to Envestnet, Inc.:
Basic	$	0.11	$	0.04	$	0.30	$	0.09

Diluted	$	0.10	$	0.04	$	0.28	$	0.08

Common share equivalents for securities that were anti-dilutive and therefore excluded from the computation of diluted net income per share attributable to Envestnet, Inc. were as follows:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2014	2013	2014	2013

Options to purchase common stock	—	—	58,500	—
Unvested restricted stock	95,581	377,926	95,908	434,609

- Definition

The entire disclosure for earnings per share.

+ References + Details