Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 165

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 165
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 at December 31, 2024, 2023, and 2022, respectively.The Company files U.S. federal, various state, and foreign income tax returns. In the normal course of business, the Company is subject to examination by taxing authorities. The tax years from 2013 forward remain subject to examination for federal purposes. Generally, state and foreign tax authorities may examine the Company’s tax returns for four years and five years, respectively, from the date an income tax return is filed. However, the taxing authorities may continue to examine the Company’s federal and state net operating loss carryforwards until the statute of limitations closes on the tax years in which the federal and state net operating losses are utilized.

The Company regularly evaluates any necessary changes to their uncertain tax positions. During 2024 the Company remeasured their uncertain tax position reserve which resulted in an increase to prior year positions of $9.2 million. The Company does not anticipate material changes in the total amount or composition of its unrecognized tax benefits within 12 months of the reporting date. 

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Note 15 – Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share amounts):Year Ended December 31,202420232022Basic net income (loss) per shareNumerator:Net income (loss) attributable to BlackLine, Inc.$161,174 $52,833 $(29,391)Denominator:Weighted average shares62,129 60,849 59,539 Basic net income (loss) per share attributable to BlackLine, Inc.$2.59 $0.87 $(0.49)Diluted net income (loss) per shareNumerator:Net income (loss) attributable to BlackLine, Inc.$161,174 $52,833 $(29,391)Interest expense, net of taxes7,804 5,716 — Gain on extinguishment of convertible senior notes, net of taxes(62,147)— — Net income (loss) attributable to BlackLine, Inc. for diluted calculation$106,831 $58,549 $(29,391)Denominator:Weighted average shares62,129 60,849 59,539 Dilutive effect of securities691 872 — Dilutive effect of convertible senior notes10,683 10,324 — Shares used to calculate diluted