Company: DLX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000027996-25-000051
Chunk: 88

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 88
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 the year$(1,164)$(2,298)$4,090 Less reclassification of amounts to net income:Amortization of prior service credit380 384 379 Amortization of net actuarial loss(223)(451)(64)Postretirement benefit plans(1,007)(2,365)4,405 Interest rate swaps:Unrealized gain (loss) arising during the year(839)194 (1,771)Reclassification of realized gain to net income773 872 5 Interest rate swaps(66)1,066 (1,766)Debt securities:Unrealized holding loss arising during the year— 63 197 Reclassification of realized loss to net income— (376)(2)Debt securities— (313)195 Total net tax (expense) benefit$(1,073)$(1,612)$2,834 

See Notes to Consolidated Financial Statements

45

DELUXE CORPORATIONCONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(in thousands)Common sharesCommon shares par valueAdditional paid-in capitalRetained earningsAccumulated other comprehensive lossNon-controlling interestTotalBalance, December 31, 202142,679 $42,679 $57,368 $505,763 $(31,492)$280 $574,598 Net income— — — 65,395 — 135 65,530 Cash dividends ($1.20 per share)— — — (52,523)— — (52,523)Common shares issued, net of tax withholding525 525 (2,442)— — — (1,917)Employee share-based compensation— — 24,308 — — — 24,308 Other comprehensive loss— — — — (5,772)— (5,772)Balance, December 31, 202243,204 43,204 79,234 518,635 (37,264)415 604,224 Net income— — — 26,120 — 107 26,227 Cash dividends ($1.20 per share)— — — (53,517)— — (53,517)Common shares issued, net of tax withholding539 539 (300)— — — 239 Employee share-based