Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31,

 

 

 

2023

 

 

2022

 

Net income

 

$

36,457

 

 

$

18,076

 

Less: Net income attributable to non-controlling interests

 

 

23,297

 

 

 

11,165

 

Net income attributable to Ryan Specialty Holdings, Inc.

 

$

13,160

 

 

$

6,911

 

Numerator:

 

 

 

 

 

 

Net income attributable to Class A common shareholders

 

$

13,160

 

 

$

6,911

 

Add: Income attributed to substantively vested RSUs

 

 

225

 

 

 

29

 

Net income attributable to Class A common shareholders – basic

 

$

13,385

 

 

$

6,940

 

Add: Income attributed to dilutive shares

 

 

17,180

 

 

 

8,275

 

Net income attributable to Class A common shareholders – diluted

 

$

30,565

 

 

$

15,215

 

Denominator:

 

 

 

 

 

 

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

 

 

111,034,503

 

 

 

106,592,836

 

Add: Dilutive shares

 

 

155,943,721

 

 

 

157,528,230

 

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

 

 

266,978,224

 

 

 

264,121,066

 

Earnings per Share:

 

 

 

 

 

 

Earnings per share of Class A common stock – basic

 

$

0.12

 

 

$

0.07

 

Earnings per share of Class A common stock – diluted

 

$

0.11

 

 

$

0.06

 

 

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 March 31,

 

 

 

2023

 

 

2022

 

Incentive RSUs

 

 

5,405

 

 

 

 

Class C Incentive Units

 

 

495,822

 

 

 

300,000

 

Incentive Options

 

 

168,282

 

 

 

175,222