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, 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				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012

Net income	$	1,306	$	551	$	2,965	$	623

Basic number of weighted-average shares outstanding	33,686,112		32,296,636		32,912,084		32,102,386
Effect of dilutive shares:
Options to purchase common stock	2,057,245		889,373		1,812,114		897,644
Common warrants	—		127,324		434,392		138,889
Unvested restricted stock	128,618		45,373		101,454		40,125
Diluted number of weighted-average shares outstanding	35,871,975		33,358,706		35,260,044		33,179,044

Net income per share:
Basic	$	0.04	$	0.02	$	0.09	$	0.02

Diluted	$	0.04	$	0.02	$	0.08	$	0.02

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		Nine Months Ended
	September 30,		September 30,
	2013	2012	2013	2012

Options to purchase common stock	—	1,224,748	—	1,224,748
Unvested restricted stock	377,926	559,551	434,609	559,551

- Definition

The entire disclosure for earnings per share.

+ References + Details