Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share (Tables)

v3.22.4
Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share

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

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Net income

 

$

163,257

 

 

$

56,632

 

Net income attributable to the LLC before the Organizational Transactions

 

 

 

 

 

72,937

 

Net income (loss) attributable to non-controlling interests

 

 

102,205

 

 

 

(9,241

)

Net income (loss) attributable to Ryan Specialty Holdings, Inc.

 

$

61,052

 

 

$

(7,064

)

Numerator:

 

 

 

 

 

 

Net income (loss) attributable to Class A common shareholders

 

$

61,052

 

 

$

(7,064

)

Add: Income attributed to substantively vested RSUs

 

 

806

 

 

 

 

Net income (loss) attributable to Class A common shareholders- basic

 

$

61,858

 

 

$

(7,064

)

Add: Income attributed to dilutive shares

 

 

75,512

 

 

 

 

Net income (loss) attributable to Class A common shareholders- diluted

 

$

137,370

 

 

$

(7,064

)

Denominator:

 

 

 

 

 

 

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

 

 

108,616,420

 

 

 

105,730,008

 

Add: Dilutive shares

 

 

157,134,024

 

 

 

 

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

 

 

265,750,444

 

 

 

105,730,008

 

Earnings (Loss) per Share:

 

 

 

 

 

 

Earnings (loss) per share of Class A common stock- basic

 

$

0.57

 

 

$

(0.07

)

Earnings (loss) per share of Class A common stock- diluted

 

$

0.52

 

 

$

(0.07

)

Schedule of Number of Shares Excluded from Calculation of Diluted Earnings (Loss) Per Share

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

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Restricted Stock

 

 

 

 

 

3,216,435

 

IPO RSUs

 

 

 

 

 

4,037,589

 

Reload Options

 

 

 

 

 

4,592,319

 

Staking Options

 

 

 

 

 

66,667

 

Restricted Common Units

 

 

 

 

 

5,743,520

 

IPO RLUs

 

 

 

 

 

1,543,277

 

Reload Class C Incentive Units

 

 

 

 

 

3,911,490

 

Staking Class C Incentive Units

 

 

 

 

 

2,116,667

 

Class C Incentive Units

 

 

300,000

 

 

 

 

Incentive Options

 

 

170,392

 

 

 

 

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

 

 

 

 

 

142,967,621

 

 

(1)
Weighted average units outstanding during the period.