v3.20.2

Loss Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Loss Per Share | Note 12 - Loss Per Share Basic earnings per share of Class A and Class C common stock is computed by dividing net income attributable to ZoomInfo Technologies, Inc. by the weighted-average number of shares of Class A and Class C common stock outstanding during the period. Diluted earnings per share of Class A and Class C common stock is computed by dividing net income attributable to ZoomInfo Technologies, Inc., adjusted for the assumed exchange of all potentially dilutive instruments for Class A common stock, by the weighted-average number of shares of Class A and Class C common stock outstanding, adjusted to give effect to potentially dilutive elements. Prior to the IPO, the ZoomInfo OpCo membership structure included Series A Preferred Units, Preferred units, Common units, and Profits Interests in the form of Class P Units. The Company analyzed the calculation of earnings per unit for periods prior to the IPO and determined that it resulted in values that would not be meaningful to the users of these unaudited consolidated financial statements. Therefore, earnings per share information has not been presented for the three and six months ended June 30, 2019. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings (loss) per share of Class A and Class C common stock for the three and six months ended June 30, 2020. The basic and diluted earnings per share period for the three and six months ended June 30, 2020, represents only the period from June 4, 2020 to June 30, 2020, which represents the period wherein we had outstanding Class A and Class C common stock.
| Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
| (Unaudited) |  |
Numerator: |  |  |
Net income (loss) | $ | (56.2) |  |  | $ | (62.1) |
Less: Net income (loss) attributable to ZoomInfo OpCo before Reorganization Transactions | 0.8 |  |  | (5.1) |
Less: Net income (loss) attributable to noncontrolling interests | (36.6) |  |  | (36.6) |
Less: Excess of consideration paid over carrying amount to holders of Series A Preferred Units attributable to common shares | 11.0 |  |  | 11.0 |
Net income (loss) attributable to ZoomInfo Technologies Inc. | $ | (31.4) |  |  | $ | (31.4) |
The following table sets forth the computation of basic and diluted net income per share of Class A and Class C common stock (in millions, except share amounts, and per share amounts, unaudited):
| Three Months Ended June 30, 2020 |  |  |  | Six Months Ended June 30, 2020 |  |
| Class A |  | Class C |  | Class A |  | Class C
| (Unaudited) |  |  |  |  |  |
Basic net income (loss) per share attributable to common stockholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Allocation of net income (loss) attributable to ZoomInfo Technologies Inc. | $ | (10.9) |  |  | $ | (20.5) |  |  | $ | (10.9) |  |  | $ | (20.5) |
Denominator: |  |  |  |  |  |  |
Weighted average number of shares of Class A and Class C common stock outstanding | 52.0 |  |  | 98.1 |  |  | 52.0 |  |  | 98.1 |
Basic net income (loss) per share attributable to common stockholders | $ | (0.21) |  |  | $ | (0.21) |  |  | $ | (0.21) |  |  | $ | (0.21) |
Diluted net income (loss) per share attributable to common stockholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Undistributed earnings for basic computation | $ | (10.9) |  |  | $ | (20.5) |  |  | $ | (10.9) |  |  | $ | (20.5) |
Increase in earnings attributable to common shareholders upon conversion of potentially dilutive instruments | (18.1) |  |  | (34.2) |  |  | (18.1) |  |  | (34.2) |
Reallocation of earnings as a result of conversion of potentially dilutive instruments | (33.3) |  |  | 33.3 |  |  | (33.3) |  |  | 33.3 |
Reallocation of undistributed earnings as a result of conversion of Class C to Class A shares | (21.4) |  |  |  |  | (21.4) |  |  |
Allocation of undistributed earnings | $ | (83.7) |  |  | $ | (21.4) |  |  | $ | (83.7) |  |  | $ | (21.4) |
| Three Months Ended June 30, 2020 |  |  |  | Six Months Ended June 30, 2020 |  |
| Class A |  | Class C |  | Class A |  | Class C
| (Unaudited) |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Number of shares used in basic computation | 51,994,291 |  |  | 98,106,387 |  |  | 51,994,291 |  |  | 98,106,387 |
Add: weighted-average effect of dilutive securities: |  |  |  |  |  |  |
OpCo Units exchangeable for Class A common stock | 219,637,430 |  |  |  |  | 219,637,430 |  |  |
HSKB I Class 1 Units exchangeable for Class A common stock | 13,169,366 |  |  |  |  | 13,169,366 |  |  |
Conversion of Class C to Class A common shares outstanding | 98,106,387 |  |  |  |  | 98,106,387 |  |  |
Weighted average shares of Class A and Class C common stock outstanding used to calculate diluted net income (loss) per share | 382,907,474 |  |  | 98,106,387 |  |  | 382,907,474 |  |  | 98,106,387 |
Diluted net income (loss) per share attributable to common stockholders | $ | (0.22) |  |  | $ | (0.22) |  |  | $ | (0.22) |  |  | $ | (0.22) |
Shares of the Company’s Class B common stock do not participate in the earnings or losses of ZoomInfo Technologies, Inc. and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented. 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 loss per share in the periods presented due to their anti-dilutive effect:
| Six Months Ended June 30, 2020 |  |
HSKB II Phantom Units | 1,824,814 |  |
HSKB II Class 1 Units | 375,201 |  |
Class P Units | 12,548,938 |  |
LTIP Units | 26,595 |  |
HoldCo Units | 1,250,509 |  |
Class A Common Stock Options | 287,299 |  |
Restricted Stock Units | 291,042 |  |
Total anti-dilutive securities | 16,604,398 |  |

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