Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 59

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 59
---
 evaluating operating performance, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP.

Net Income Attributable to Common Stockholders and Diluted Earnings per ShareThree Months Ended March 31,(in thousands, except per share data)20252024Net income attributable to common stockholders, U.S. GAAP$39,778 $34,004 Seed investments—net (1)(50)(1,003)Accelerated vesting of restricted stock units369 2,211 Lease transition and other costs - 280 Park Avenue (2)— 807 Other non-recurring expenses (3)616 — Foreign currency exchange (gain) loss—net (4)969 (456)Tax adjustments—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 

_________________________

*    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