Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 73

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 73
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ilutive and therefore excluded from the U.S. GAAP diluted earnings per share. Adjusted Diluted Earnings Per Share From Continuing Operations, including the adjusted weighted-average number of shares, is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors.

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A reconciliation of Adjusted Net Income (Loss) From Continuing Operations and the computation of Adjusted Diluted Earnings Per Share From Continuing Operations is as follows:

Three Months Ended March 31,(in millions, except share and per share amounts)20252024Numerator:Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1)$(17)$(119)Conversion of noncontrolling interest— (2)Intangible amortization71 71 Share-based compensation6 28 Transaction and integration expenses (2)3 17 Restructuring4 15 (Gain) Loss from change in fair value of financial instruments(8)21 (Gain) Loss from change in fair value of tax receivable agreement9 55 Other1 — Tax effect of adjustments (3)(17)(29)Adjusted Net Income From Continuing Operations$52 $57 Denominator:Weighted average shares outstanding - basic532,297,681540,780,315Dilutive effect of the exchange of noncontrolling interest units—1,189,156Dilutive effect of RSUs——Weighted average shares outstanding - diluted532,297,681541,969,471Exchange of noncontrolling interest units(4)510,1154,471,277Impact of unvested RSUs(5)8,464,40410,158,541Adjusted shares of Class A Common Stock outstanding - diluted(6)(7)541,272,200556,599,289Basic (Net Loss) Earnings Per Share From Continuing Operations$(0.03)$(0.22)Diluted (Net Loss) Earnings Per Share From Continuing Operations$(0.03)$(0.22)Adjusted Diluted Earnings Per Share From Continuing Operations$0.10 $0.10 

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(1)Excludes the impact of discontinued operations. Comparable periods have been recast to exclude these impacts.

(2)Transaction and integration expenses primarily relate to acquisitions and divestiture activities.

(3)Income tax effects have been calculated based on statutory tax rates for both U.S. and foreign jurisdictions based on