Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 444

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 444
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11. Earnings Per ShareBasic earnings per share is calculated by dividing the net income (loss) attributable to Alight, Inc. by the weighted average number of shares of Class A Common Stock issued and outstanding. The computation of diluted earnings per share reflects the potential dilution that could occur if dilutive securities and other contracts to issue shares were exercised or converted into shares or resulted in the issuance of shares that would then share in the net income of Alight, Inc. The Company’s Class V Common Stock does not, and its Class Z Common Stock did not, participate in the earnings or losses of the Company and are therefore not participating securities and have not been included in either the basic or diluted earnings per share calculations. RSU and PSU Nonvested share-based payment awards contain rights to receive forfeitable dividends and therefore are not participating securities.

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In conjunction with the Business Combination, the Company issued Seller Earnouts contingent consideration, which is payable in the Company’s Common Stock when the related market conditions are achieved. As the related conditions to pay the consideration had not been satisfied as of December 31, 2024, the Seller Earnouts were excluded from the diluted earnings per share calculations. Basic and diluted (net loss) earnings per share are as follows (in millions, except for share and per share amounts):Year Ended December 31,202420232022Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(140)$(317)$(140)Less: Net income (loss) attributable to noncontrolling interest2 17 10 Net Income (loss) from continuing operations attributable to Alight, Inc.$(138)$(300)$(130)Net Income (Loss) From Discontinued Operations, Net of Tax(19)(45)68 Net Income (Loss) Attributable to Alight, Inc. - basic$(157)$(345)$(62)Loss impact of conversion of noncontrolling interest(1)— — Net income (loss) attributable to Alight, Inc. - diluted$(158)$(345)$(62)DenominatorWeighted-average shares outstanding - basic539,861,208489,461,259458,558,192Dilutive effect of the exchange of noncontrolling interest units510,237——Dilutive effect of RSUs———Weighted-average shares outstanding - diluted540,371,445489,461,259458,558,192Basic and Diluted (net loss) earnings