Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share of Class A common stock is as follows:

 

 

Three Months Ended
June 30, 2022

 

 

Six Months Ended
June 30, 2022

 

Net income

 

$

70,120

 

 

$

88,196

 

Net income attributable to non-controlling interests

 

 

45,619

 

 

 

56,784

 

Net income attributable to Ryan Specialty Holdings, Inc.

 

$

24,501

 

 

$

31,412

 

Numerator:

 

 

 

 

 

 

Net income attributable to Class A common shareholders

 

$

24,501

 

 

$

31,412

 

Add: Income attributed to substantively vested RSUs

 

 

387

 

 

 

372

 

Net income attributable to Class A common shareholders- basic

 

 

24,888

 

 

 

31,784

 

Add: Income attributed to dilutive shares

 

 

1,544

 

 

 

41,942

 

Net income attributable to Class A common shareholders- diluted

 

$

26,432

 

 

$

73,726

 

Denominator:

 

 

 

 

 

 

Weighted-average shares of Class A common stock outstanding- basic

 

 

108,054,437

 

 

 

107,327,462

 

Add: Dilutive shares

 

 

12,150,465

 

 

 

157,090,008

 

Weighted-average shares of Class A common stock outstanding- diluted

 

 

120,204,902

 

 

 

264,417,470

 

Earnings per Share:

 

 

 

 

 

 

Earnings per share of Class A common stock- basic

 

$

0.23

 

 

$

0.30

 

Earnings per share of Class A common stock- diluted

 

$

0.22

 

 

$

0.28

 

Schedule of Number of Shares Excluded from Calculation of Diluted Earnings Per Share

The following number of shares were excluded from the calculation of diluted earnings per share because the effect of including such potentially dilutive shares would have been antidilutive:

 

 

Three Months Ended
June 30, 2022

 

 

Six Months Ended
June 30, 2022

 

Incentive Options

 

 

175,222

 

 

 

175,222

 

Class C Incentive Units

 

 

300,000

 

 

 

300,000

 

Conversion of non-controlling interest LLC Common Units (1)

 

 

144,495,397

 

 

 

 

 

(1)Weighted average shares outstanding for the three months ended June 30, 2022.