Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 21

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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ed average shares62,143 61,979 62,481 61,811 Basic net income per share attributable to BlackLine, Inc.$0.13 $1.24 $0.23 $1.42 Diluted net income per shareNumerator:Net income attributable to BlackLine, Inc.$8,292 $76,690 $14,347 $87,519 Interest expense, net of taxes130 1,707 255 3,101 Gain on extinguishment of convertible senior notes, net of taxes— (62,147)— (62,147)Net income attributable to BlackLine, Inc. for diluted calculation$8,422 $16,250 $14,602 $28,473 Denominator:Weighted average shares62,143 61,979 62,481 61,811 Dilutive effect of securities476 635 554 781 Dilutive effect of convertible senior notes1,385 9,908 1,385 10,116 Shares used to calculate diluted net income per share64,004 72,522 64,420 72,708 Diluted net income per share attributable to BlackLine, Inc.$0.13 $0.22 $0.23 $0.39 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 and six months ended June 30, 2025, diluted earnings per share attributable to BlackLine, Inc. excludes the impact of the 2029 Notes as their inclusion would have been antidilutive. 

20

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 June 30,Six Months Ended June 30,2025202420252024Stock options - service-only vesting conditions382 511 429 350 Restricted stock units - service-only vesting conditions1,618 2,478 1