Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 171

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 171
---
 senior notes1,385 9,908 1,385 10,116 Shares used to calculate diluted net income per share64,004 72,522 64,420 72,708 Diluted net income per share attributable to BlackLine, Inc.$0.13 $0.22 $0.23 $0.39 The Company computes basic earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding. The Company computes diluted earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding plus the effect of potentially dilutive shares, which is based on the weighted-average shares of common stock underlying stock options and unvested stock awards using the treasury stock method, and the effect of the convertible senior notes using the if-converted method. For the quarter and six months ended June 30, 2025, diluted earnings per share attributable to BlackLine, Inc. excludes the impact of the 2029 Notes as their inclusion would have been antidilutive. 

20

The weighted average impact of potentially dilutive securities that were excluded from the diluted per share calculations because they were anti-dilutive were as follows (in thousands):Quarter Ended June 30,Six Months Ended June 30,2025202420252024Stock options - service-only vesting conditions382 511 429 350 Restricted stock units - service-only vesting conditions1,618 2,478 1,581 1,926 Restricted stock units - performance and service conditions141 64 89 36 Restricted stock units - market and service conditions375 181 285 103 Total shares excluded from net income per share2,516 3,234 2,384 2,415 The denominator for diluted net income per share attributable to BlackLine, Inc. does not include any effect from the Capped Calls as this effect would be anti-dilutive. In the event of conversion of the Notes, shares delivered to the Company under the Capped Calls would offset the dilutive effect of the shares that the Company would issue under the Notes. Refer to “Note 8 - Convertible Senior Notes” for additional information on the Notes and the related Capped Calls.

Note 13 – Commitments and Contingencies

Litigation—From time to time, the Company may become subject to legal proceedings, claims, and litigation arising in the ordinary course of business. The Company is not currently a