Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 110

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 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.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 March 31, 2025, 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):Three Months Ended March 31,20252024Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(17)$(121)Less: Net income (loss) attributable to noncontrolling interest— 2 Net Income (loss) from continuing operations attributable to Alight, Inc.$(17)$(119)Net Income (Loss) From Discontinued Operations, Net of Tax(8)5 Net Income (Loss) Attributable to Alight, Inc. - basic$(25)$(114)Loss impact of conversion of noncontrolling interest— (1)Net income (loss) attributable to Alight, Inc. - diluted$(25)$(115)DenominatorWeighted-average shares outstanding - basic532,297,681540,780,315Dilutive effect of the exchange of noncontrolling interest units—1,189,156Dilutive effect of RSUs——Weighted-average shares outstanding - diluted532,297,681541,969,471Basic and Diluted (net loss) earnings per shareContinuing operations$(0.03)$(0.22)Discontinued operations$(0.02)$0.01 Net Income (Loss)$(0.05)$(0.21)For the three months ended March 31, 2025, 510,115 units related to noncontrolling interests and 8,464,404 unvested RSUs were not included in the computation of diluted shares outstanding as their impact would have been anti-dilutive. In addition, 14,999,998 shares related to the Seller Earnouts and 9,969,087 unvested PRSUs