Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 78

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 78
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net (5)(3,329)(910)Net income attributable to common stockholders, as adjusted$38,353 $34,653 Diluted weighted average shares outstanding51,418 49,835 Diluted earnings per share, U.S. GAAP$0.77 $0.68 Seed investments—net (1)— *(0.02)Accelerated vesting of restricted stock units0.01 0.05 Lease transition and other costs - 280 Park Avenue (2)— 0.02 Other non-recurring expenses (3)0.01 — Foreign currency exchange (gain) loss—net (4)0.02 (0.01)Tax adjustments—net (5)(0.06)(0.02)Diluted earnings per share, as adjusted $0.75 $0.70 

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*    Amounts round to less than $0.01 per share.

(1)Represents the impact of consolidated funds and the net effect of corporate seed investment performance.

(2)Represents the impact of lease and other expenses related to the Company's prior headquarters, for which the lease expired in January 2024. 

(3)Represents reimbursement of filing fees paid by certain members of senior leadership.

(4)Represents net foreign currency exchange (gain) loss associated with U.S. dollar-denominated assets held by certain foreign subsidiaries.

(5)Tax adjustments are summarized in the following table:

        Three Months Ended March 31,(in thousands)20252024Impact of tax effects associated with items noted above$(438)$(500)Impact of discrete tax items(2,891)(410)Total tax adjustments$(3,329)$(910)

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Revenue, Expenses, Operating Income and Operating MarginThree Months Ended March 31,(in thousands, except percentages)20252024Revenue, U.S. GAAP$134,467 $122,710 Fund related amounts (1)(677)234 Revenue, as adjusted$133,790 $122,944 Expenses, U.S. GAAP$89,269 $82,445 Fund related amounts (1)(940)(175)Accelerated vesting of restricted stock units(369)(2,211)Lease transition and other costs - 280 Park Avenue (2)— (807)Other non-recurring expenses (3)(616)— Expenses, as adjusted$87