Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 111

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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 were excluded from the calculation of basic and diluted earnings per share as the market and performance conditions had not yet been met as of the end of the period.    

For the three months ended March 31, 2024, 10,158,541 unvested RSUs were not included in the computation of diluted shares outstanding as their impact would have been anti-dilutive. In addition, 14,999,998 shares related to the Seller Earnouts and 14,421,308 unvested PRSUs were excluded from the calculation of basic and diluted earnings per share as the market and performance conditions had not yet been met as of the end of the period.    

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12. Segment ReportingWe currently operate under one reportable segment, Employer Solutions. Employer Solutions is driven by our Alight Worklife platform, and includes integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management and retiree healthcare. The Company’s reportable segment has been determined using a management approach, which is consistent with the basis and manner in which the Company’s chief operating decision maker (“CODM”) uses financial information for the purposes of allocating resources and evaluating performance. The Company’s Chief Executive Officer is its CODM. The CODM evaluates the performance of the Company based on Revenue and Net Income (Loss) From Continuing Operations. The CODM also uses Revenue and Net Income (Loss) From Continuing Operations to manage and evaluate our business, make planning decisions, and as performance measures for Company-wide incentive compensation plans. These key financial measures provide an additional view of our operational performance over the long-term and provide useful information that we use in order to maintain and grow our business. The Company does not report assets by reportable segments as this information is not reviewed by the CODM on a regular basis.Information regarding the Company’s reportable segment is as follows (in millions):Three Months Ended March 31,20252024RevenueRecurring$520 $521 Project28 38 Total Revenue$548 $559 Less (1)Cost of sales - Technology (2)$76 $82 Cost of sales - Delivery, Customer Care and Other (3)272 269 Stock Based Compensation3 5 Depreciation and Amortization26 21 Total Gross Profit$171 $182 Selling, General, and Administrative (4)97 108 Restructuring4 15 Stock Based Compensation3 23 Depreciation and Intangible Amortization75 76