Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 160

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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-based compensation shortfalls for the quarter ended March 31, 2025, along with changes in valuation allowance and changes in the mix of profitable foreign jurisdictions.

Note 12 – Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):Quarter Ended March 31,20252024Basic net income per shareNumerator:Net income attributable to BlackLine, Inc.$6,055 $10,829 Denominator:Weighted average shares62,822 61,643 Basic net income per share attributable to BlackLine, Inc.$0.10 $0.18 Diluted net income per shareNumerator:Net income attributable to BlackLine, Inc.$6,055 $10,829 Interest expense, net of taxes125 1,394 Net income attributable to BlackLine, Inc. for diluted calculation$6,180 $12,223 Denominator:Weighted average shares62,822 61,643 Dilutive effect of securities632 926 Dilutive effect of convertible senior notes1,385 10,324 Shares used to calculate diluted net income per share64,839 72,893 Diluted net income per share attributable to BlackLine, Inc.$0.10 $0.17 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 ended March 31, 2025, diluted earnings per share attributable to BlackLine, Inc. excludes the impact of the 2029 Notes as their inclusion would have been antidilutive. 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 March 31,20252024Stock options - service-only vesting conditions477 189 Restricted stock units - service-only vesting conditions1,544 1,373 Restricted stock units - performance and service conditions37 9 Restricted stock units - market and service conditions195 26