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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Reconciliation of Basic and Diluted Earnings (Loss) per Share | 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) |
Potential Common Stock Equivalents Excluded from Calculation of Diluted Net Loss Per Share | 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 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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