v3.23.2
Earnings Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
Note 12 - Earnings Per Share
As previously discussed, in May 2022, following approval by the Company’s stockholders, the Company further amended and restated its Amended and Restated Certificate of Incorporation to eliminate the multiple classes of common stock and to rename the Company’s Class A common stock to “Common Stock”.
The following tables set forth the computation of basic and diluted net income per share of Class A common stock or Common Stock, as applicable, (in millions, except share and per share amounts):
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Common StockCommon Stock
Basic net income per share attributable to common stockholders
Numerator:
Net income$38.1 $82.6 
Denominator:
Weighted average number of shares of Common Stock outstanding401,194,485 402,301,486 
Basic net income per share attributable to common stockholders$0.09 $0.21 
Diluted net income per share attributable to common stockholders
Numerator:
Allocation of undistributed earnings$38.1 $82.6 
Denominator:
Number of shares used in basic computation401,194,485 402,301,486 
Add: weighted-average effect of dilutive securities exchangeable for Common Stock:
Restricted Stock Awards338,840 392,842 
Exercise of Common Stock Options35,833 51,260 
Employee Stock Purchase Plan
155,845 175,728 
Weighted average shares of Common Stock outstanding used to calculate diluted net income per share401,725,003 402,921,316 
Diluted net income per share attributable to common stockholders$0.09 $0.21 
Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Common StockCommon Stock
Basic net income per share attributable to common stockholders
Numerator:
Allocation of net income attributable to ZoomInfo Technologies Inc.$15.9 $22.1 
Denominator:
Weighted average number of shares of Common Stock outstanding401,099,187 400,658,558 
Basic net income per share attributable to common stockholders$0.04 $0.06 
Diluted net income per share attributable to common stockholders
Numerator:
Allocation of undistributed earnings$15.9 $22.1 
Denominator:
Number of shares used in basic computation401,099,187 400,658,558 
Add: weighted-average effect of dilutive securities exchangeable for Common Stock:
Restricted Stock Awards1,910,328 2,293,963 
Exercise of Common Stock Options202,456 222,710 
Employee Stock Purchase Plan
9,772 4,886 
Weighted average shares of Common Stock outstanding used to calculate diluted net income per share403,221,743 403,180,117 
Diluted net income per share attributable to common stockholders$0.04 $0.05 
The following weighted-average potentially dilutive securities were evaluated under the treasury stock method for potentially dilutive effects and have been excluded from diluted net income per share in the periods presented due to their anti-dilutive effect:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Restricted Stock Units14,049,822 7,027,221 13,658,628 6,499,575 
Total anti-dilutive securities14,049,822 7,027,221 13,658,628 6,499,575