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, 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				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013

Net income attributable to Envestnet, Inc.	$	3,719	$	1,118	$	6,713	$	1,659

Basic number of weighted-average shares outstanding	34,547,277		32,661,196		34,332,759		32,518,943
Effect of dilutive shares:
Options to purchase common stock	2,166,237		1,805,969		2,198,089		1,605,065
Common warrants	—		609,489		—		523,020
Unvested restricted stock	92,244		87,452		195,273		113,540
Diluted number of weighted-average shares outstanding	36,805,758		35,164,106		36,726,121		34,760,568

Net income per share attribuatable to Envestnet, Inc.:
Basic	$	0.11	$	0.03	$	0.20	$	0.05

Diluted	$	0.10	$	0.03	$	0.18	$	0.05

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		Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013

Options to purchase common stock	155,753	—	155,753	—
Unvested restricted stock	—	348,139	—	348,139

- Definition

The entire disclosure for earnings per share.

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