Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding for the period. For the calculation of diluted net income (loss) per share, the basic weighted average number of shares is increased by the dilutive effect of stock options, common warrants, restricted stock awards and restricted stock units and convertible notes, if dilutive, using either the treasury method or if-converted method as appropriate.

The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021

	(in thousands, except share and per share data)







Net income (loss) attributable to Envestnet, Inc. (a)	$	(7,290)	$	11,740	$	(44,434)	$	18,405



Weighted-average common shares outstanding:
Basic (b)	55,226,777		54,547,858		55,109,387		54,400,247
Effect of dilutive shares:
Options to purchase common stock	—		201,103		—		207,281
Unvested restricted stock units	—		570,515		—		614,005

Warrants	—		69,151		—		66,439
Diluted (c)	55,226,777		55,388,627		55,109,387		55,287,972

Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/b)	$	(0.13)	$	0.22	$	(0.81)	$	0.34
Diluted (a/c)	$	(0.13)	$	0.21	$	(0.81)	$	0.33


	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2022	2021		2022	2021
			(in thousands)
Options to purchase common stock	281,535	—		281,535	—
Unvested RSUs and PSUs	2,136,483	—		2,136,483	—
Warrants	470,000	—		470,000	—
Convertible Notes	9,898,549	9,898,549		9,898,549	9,898,549
Total anti-dilutive securities	12,786,567	9,898,549		12,786,567	9,898,549