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

6 Months Ended

Jun. 30, 2013

13. Earnings Per Share

Basic net income per common share 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, 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:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013		2012

Net income (loss)	$	1,118	$	(668	)	$	1,659	$	72

Basic number of weighted-average shares outstanding	32,661,196		32,149,957			32,518,943		32,004,386
Effect of dilutive shares:
Options to purchase common stock	1,805,969		—			1,605,065		900,085
Common warrants	609,489		—			523,020		144,076
Unvested restricted stock	87,452		—			113,540		6,085
Diluted number of weighted-average shares outstanding	35,164,106		32,149,957			34,760,568		33,054,632

Net income (loss) per share:
Basic	$	0.03	$	(0.02	)	$	0.05	$	0.00

Diluted	$	0.03	$	(0.02	)	$	0.05	$	0.00

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

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012

Options to purchase common stock	—	5,374,040	—	1,227,248
Common warrants	—	1,388,888	—	—
Unvested restricted stock	348,139	765,970	348,139	755,970

- Definition

The entire disclosure for earnings per share.

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