Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 83

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 83
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 2024, December 31, 2023 and December 31, 2022 was $4.7 million, $3.1 million and $1.9 million, respectively. Related income tax benefits recognized in earnings in the years ended December 31, 2024, December 31, 2023 and December 31, 2022 were approximately $0.8 million, $0.8 million and $0.5 million, respectively. The aggregate grant-date fair value of vested shares for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 was $3.4 million, $2.0 million and $1.9 million, respectively.Unrecognized compensation expense under the 2016 Plan at December 31, 2024, December 31, 2023 and December 31, 2022 was $7.7 million, $5.9 million and $3.1 million, respectively. As of December 31, 2024, the weighted average period over which the unrecognized compensation expense is expected to be recognized is 1.5 years.

NOTE 12 - EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):  December 31, 202420232022Basic earnings per share:   Weighted average shares outstanding15,861 16,870 18,631  Net income attributable to DXP Enterprises, Inc.$70,489 $68,812 $48,155 Series B convertible preferred stock dividend(90)(90)(90)Net income attributable to common shareholders70,399 68,722 48,065 Per share amount$4.44 $4.07 $2.58  Diluted earnings per share:Weighted average shares outstanding15,861 16,870 18,631 Assumed conversion of convertible preferred stock840 840 840 Total dilutive shares16,701 17,710 19,471 Net income attributable to common shareholders$70,399 $68,722 $48,065 Series B convertible preferred stock dividend90 90 90 Net income attributable to D