Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 46

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 46
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 by consolidated funds are comprised of forward foreign exchange contracts that are utilized by certain of the consolidated funds to economically hedge currency exposure associated with certain of its non-U.S. dollar- denominated securities.Collateral pledged for forward and swap contracts totaled $1.0 million and $0.3 million at March 31, 2025 and December 31, 2024, respectively. Collateral received for swap contracts was $1.3 million at December 31, 2024.The following table summarizes net gains (losses) from derivative financial instruments: Three Months Ended March 31,(in thousands)20252024Corporate derivatives:Total return swaps$(1,929)$(152)Forward contracts - foreign exchange (480)924 Total corporate derivatives(2,409)772 Derivatives held by consolidated funds:Forward contracts - foreign exchange9 — Total (1)$(2,400)$772 ________________________(1)Gains and losses on total return swaps and derivatives held by consolidated funds are included in gain (loss) from investments—net in the Company's condensed consolidated statements of operations. Gains and losses on corporate forward foreign exchange contracts are included in foreign currency gain (loss)—net in the Company's condensed consolidated statements of operations.

7. Earnings Per Share

The following table reconciles income and share data used in the basic and diluted earnings per share computations: Three Months Ended March 31,(in thousands, except per share data)20252024Net income$43,289 $34,414 Net (income) loss attributable to noncontrolling interests(3,511)(410)Net income attributable to common stockholders$39,778 $34,004 Basic weighted average shares outstanding51,058 49,569 Dilutive potential shares from restricted stock units360 266 Diluted weighted average shares outstanding51,418 49,835 Basic earnings per share attributable to common stockholders$0.78 $0.69 Diluted earnings per share attributable to common stockholders$0.77 $0.68 Anti-dilutive common stock equivalents excluded from the calculation 18 11 

13

COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

8. Income Taxes

 The provision for income taxes included U.S. federal, state, local and foreign