Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 66

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 2025, respectively, and $0.3 million and $0.8 million for the three and six months ended June 30, 2024, respectively, which was recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss).

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.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 June 30, 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 June 30,Six Months Ended June 30,2025202420252024Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(1,073)$(4)$(1,090)$(125)Less: Net income (loss) attributable to noncontrolling interest1 — 1 2 Net Income (loss) from continuing operations attributable to Alight, Inc.$(1,072)$(4)$(1,089)$(123)Net Income (Loss) From Discontinued Operations, Net of Tax(1)27 (9)32 Net Income (Loss) Attributable to Alight, Inc. - basic$(1,073)$23 $(1,098)$(91)Loss impact of conversion of noncontrolling interest— — — (1)Net income (loss) attributable to Alight, Inc