Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 126

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 are therefore not participating securities and have not been included in either the basic or diluted earnings per share calculations. RSU and PSU nonvested share-based payment awards contain rights to receive forfeitable dividends and therefore are not participating securities.In conjunction with the Business Combination, the Company issued Seller Earnouts contingent consideration, which is payable in the Company’s Common Stock when the related market conditions are achieved. As the related conditions to pay the consideration had not been satisfied as of June 30, 2025, the Seller Earnouts were excluded from the diluted earnings per share calculations. Basic and diluted (net loss) earnings per share are as follows (in millions, except for share and per share amounts):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(1,073)$(4)$(1,090)$(125)Less: Net income (loss) attributable to noncontrolling interest1 — 1 2 Net Income (loss) from continuing operations attributable to Alight, Inc.$(1,072)$(4)$(1,089)$(123)Net Income (Loss) From Discontinued Operations, Net of Tax(1)27 (9)32 Net Income (Loss) Attributable to Alight, Inc. - basic$(1,073)$23 $(1,098)$(91)Loss impact of conversion of noncontrolling interest— — — (1)Net income (loss) attributable to Alight, Inc. - diluted$(1,073)$23 $(1,098)$(92)DenominatorWeighted-average shares outstanding - basic528,469,912546,174,400530,378,798543,376,024Dilutive effect of the exchange of noncontrolling interest units—554,568—554,568Dilutive effect of RSUs—374,688——Weighted-average shares outstanding - diluted528,469,912547,103,656530,378,798543,930,592Basic and Diluted (net loss) earnings per shareContinuing operations$(2.03)$(0.01)$(2.05)$(0.23)Discontinued operations$0.00 $0.05 $(0.02)$0.06 Net Income (Loss)$(2.03)$0.04 $(2.07)