XML 30 R21.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 13 - Earnings Per Share For the periods in which we had multiple classes of stock participating in earnings, we use the two-class method in calculating earnings 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. As of the fourth quarter of 2021, as a result of the Holding Company Reorganization discussed in Note 1 - Organization and Background, the only remaining class of common stock issued and outstanding was the Class A common stock, and as such, the two-class method is not presented for subsequent periods. As previously discussed, in May 2022, following approval by the Company’s stockholders, the Company further amended and restated its Amended and Restated Certificate of Incorporation to eliminate the multiple classes of common stock and to rename the Company’s Class A common stock to “Common Stock.” The followin g table sets forth reconciliations of the numerators and denominators used (in millions) to compute basic and diluted earnings (los s) per share of Class A and Class C (as applicable) common stock for the three and nine months ended September 30, 2022 and 2021.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 17.9 |  |  | $ | (40.9) |  |  | $ | 40.0 |  |  | $ | (50.3) |
Add: Net (income) loss attributable to noncontrolling interests | — |  |  | 0.3 |  |  | — |  |  | 22.2 |
Net income (loss) attributable to ZoomInfo Technologies Inc. | $ | 17.9 |  |  | $ | (40.6) |  |  | $ | 40.0 |  |  | $ | (28.1) |
The following tables set forth the computation of basic and diluted net income per share of Class A and Class C (as applicable) common stock (in millions, except share and per share amounts):
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
| Common Stock |  | Common Stock
Basic net income (loss) per share attributable to common stockholders |  |  |
Numerator: |  |  |
Allocation of net income (loss) attributable to ZoomInfo Technologies Inc. | $ | 17.9 |  |  | $ | 40.0 |
Denominator: |  |  |
Weighted average number of shares of Common Stock outstanding | 401,961,947 |  |  | 401,093,021 |
Basic net income (loss) per share attributable to common stockholders | $ | 0.04 |  |  | $ | 0.10 |
Diluted net income (loss) per share attributable to common stockholders |  |  |
Numerator: |  |  |
Allocation of undistributed earnings | $ | 17.9 |  |  | $ | 40.0 |
Denominator: |  |  |
Number of shares used in basic computation | 401,961,947 |  |  | 401,093,021 |
Add: weighted-average effect of dilutive securities exchangeable for Common Stock: |  |  |
Restricted Stock Awards | 1,208,236 |  |  | 1,932,054 |
Exercise of Common Stock Options | 178,332 |  |  | 207,917 |
Employee Stock Purchase Plan | 122,794 |  |  | 44,189 |
Weighted average shares of Common Stock outstanding used to calculate diluted net income (loss) per share | 403,471,309 |  |  | 403,277,181 |
Diluted net income (loss) per share attributable to common stockholders | $ | 0.04 |  |  | $ | 0.10 |
| Three Months Ended September 30, 2021 |  | Nine Months Ended September 30, 2021
| Class A |  | Class C |  | Class A |  | Class C
Basic net income (loss) per share attributable to common stockholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Allocation of net income (loss) attributable to ZoomInfo Technologies Inc. | $ | (33.2) |  |  | $ | (7.4) |  |  | $ | (18.6) |  |  | $ | (9.5) |
Denominator: |  |  |  |  |  |  |
Weighted average number of shares of Class A and Class C common stock outstanding | 215,012,710 |  |  | 48,273,078 |  |  | 139,840,047 |  |  | 71,058,293 |
Basic net income (loss) per share attributable to common stockholders | $ | (0.15) |  |  | $ | (0.15) |  |  | $ | (0.13) |  |  | $ | (0.13) |
Diluted net income (loss) per share attributable to common stockholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Undistributed earnings for basic computation | $ | (33.2) |  |  | $ | (7.4) |  |  | $ | (18.6) |  |  | $ | (9.5) |
Increase in earnings attributable to common shareholders upon conversion of potentially dilutive instruments | (0.1) |  |  | — |  |  | — |  |  | — |
Reallocation of undistributed earnings as a result of conversion of Class C to Class A shares | (7.4) |  |  | — |  |  | (9.5) |  |  | — |
Allocation of undistributed earnings | $ | (40.7) |  |  | $ | (7.4) |  |  | $ | (28.1) |  |  | $ | (9.5) |
Denominator: |  |  |  |  |  |  |
Number of shares used in basic computation | 215,012,710 |  |  | 48,273,078 |  |  | 139,840,047 |  |  | 71,058,293 |
Add: weighted-average effect of dilutive securities exchangeable for Class A common stock: |  |  |  |  |  |  |
HSKB II Class 1 Units | 121,059 |  |  | — |  |  | — |  |  | — |
HSKB II Phantom Units | 592,801 |  |  | — |  |  | — |  |  | — |
Conversion of Class C to Class A common shares outstanding | 48,273,078 |  |  | — |  |  | 71,058,293 |  |  | — |
Weighted average shares of Class A and Class C common stock outstanding used to calculate diluted net income (loss) per share | 263,999,648 |  |  | 48,273,078 |  |  | 210,898,340 |  |  | 71,058,293 |
Diluted net income (loss) per share attributable to common stockholders | $ | (0.15) |  |  | $ | (0.15) |  |  | $ | (0.13) |  |  | $ | (0.13) |
Shares of the Company’s Class B common stock did not participate in the earnings or losses of ZoomInfo Technologies Inc. and were 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. Shares of the Company's Class A common stock were renamed "Common Stock" effective May 23, 2022. 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:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
OpCo Units | — |  |  | 122,610,642 |  |  | — |  |  | 170,523,418 |
Class P Units | — |  |  | 9,047,255 |  |  | — |  |  | 10,241,645 |
HSKB I Class 1 Units | — |  |  | 4,801,519 |  |  | — |  |  | 6,653,534 |
HSKB II Class 1 Units | — |  |  | — |  |  | — |  |  | 301,339 |
HSKB II Phantom Units | — |  |  | — |  |  | — |  |  | 1,082,296 |
HoldCo Units | — |  |  | 700,241 |  |  | — |  |  | 1,184,900 |
Restricted Stock Awards | — |  |  | 582,263 |  |  | — |  |  | 194,088 |
Restricted Stock Units | 9,415,559 |  |  | 454,718 |  |  | 7,471,569 |  |  | 324,043 |
LTIP Units | — |  |  | 101,666 |  |  | — |  |  | 41,181 |
Exercise of Class A Common Stock Options | — |  |  | 308,593 |  |  | — |  |  | 294,179 |
Total anti-dilutive securities | 9,415,559 |  |  | 138,606,897 |  |  | 7,471,569 |  |  | 190,840,623 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration