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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Earnings (Loss) per Share

The following table sets forth reconciliations of the numerators and denominators used (in millions) to compute basic and diluted earnings (loss) 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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- References

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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

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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

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