| 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:
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Year Ended December 31, |
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2022 |
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2021 |
|
Net income |
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$ |
163,257 |
|
|
$ |
56,632 |
|
Net income attributable to the LLC before the Organizational Transactions |
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|
— |
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|
72,937 |
|
Net income (loss) attributable to non-controlling interests |
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|
102,205 |
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|
(9,241 |
) |
Net income (loss) attributable to Ryan Specialty Holdings, Inc. |
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$ |
61,052 |
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|
$ |
(7,064 |
) |
Numerator: |
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Net income (loss) attributable to Class A common shareholders |
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$ |
61,052 |
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|
$ |
(7,064 |
) |
Add: Income attributed to substantively vested RSUs |
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|
806 |
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|
— |
|
Net income (loss) attributable to Class A common shareholders- basic |
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$ |
61,858 |
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|
$ |
(7,064 |
) |
Add: Income attributed to dilutive shares |
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75,512 |
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— |
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Net income (loss) attributable to Class A common shareholders- diluted |
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$ |
137,370 |
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$ |
(7,064 |
) |
Denominator: |
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Weighted-average shares of Class A common stock outstanding- basic |
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108,616,420 |
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|
105,730,008 |
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Add: Dilutive shares |
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157,134,024 |
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— |
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Weighted-average shares of Class A common stock outstanding- diluted |
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265,750,444 |
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105,730,008 |
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Earnings (Loss) per Share: |
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Earnings (loss) per share of Class A common stock- basic |
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$ |
0.57 |
|
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$ |
(0.07 |
) |
Earnings (loss) per share of Class A common stock- diluted |
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$ |
0.52 |
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|
$ |
(0.07 |
) |
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| 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:
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Year Ended December 31, |
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2022 |
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2021 |
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Restricted Stock |
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— |
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3,216,435 |
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IPO RSUs |
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— |
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4,037,589 |
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Reload Options |
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— |
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4,592,319 |
|
Staking Options |
|
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— |
|
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|
66,667 |
|
Restricted Common Units |
|
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— |
|
|
|
5,743,520 |
|
IPO RLUs |
|
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— |
|
|
|
1,543,277 |
|
Reload Class C Incentive Units |
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— |
|
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3,911,490 |
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Staking Class C Incentive Units |
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— |
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2,116,667 |
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Class C Incentive Units |
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300,000 |
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— |
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Incentive Options |
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170,392 |
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— |
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Conversion of non-controlling interest LLC Common Units (1) |
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— |
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142,967,621 |
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(1)Weighted average units outstanding during the period.
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