Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 268

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1B
Chunk 268
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 order to more effectively support the Company’s long-term strategic objectives. Restructuring charges relate to impairment of long-lived assets that will no longer be used in operations, including right-of-use assets and facility-related property, contract termination costs and facility exit-related costs.   The following table presents restructuring charges included in the Consolidated Statements of Operations:    Year Ended   May 30, (In thousands) 2025 Asset impairments $584 Contract termination  188 Facility exit-related  92 Total $864  There were no restructuring charges for the years ended May 31, 2024 and 2023. The Company recorded a restructuring liability of $0.2 million as of May 30, 2025, primarily related to contract termination costs, which is included as a component of accrued expenses and other current liabilities.

14. NET INCOME (LOSS) PER SHARE  Basic net income (loss) per share is determined using the weighted average number of common shares outstanding during the period. Diluted net income per share is determined using the weighted average number of common shares and potential common shares (representing the hypothetical number of incremental shares issuable under the assumed exercise of outstanding stock options, and vesting of outstanding RSUs and ESPP shares) during the period using the treasury stock method. The calculation of dilutive shares outstanding excludes securities that would have an antidilutive effect on net income per share.

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The following table presents the computation of basic and diluted net income (loss) per share:   Year Ended   May 30,  May 31,  May 31, (In thousands, except per share data) 2025  2024  2023 Numerator:         Net income (loss) $(3,910) $33,156  $14,557 Denominator:            Basic weighted average shares outstanding  29,581   28,818   27,785 Dilutive effect of common equivalent shares outstanding  -   799   1,430 Diluted weighted average shares outstanding  29,581   29,617   29,215              Net income (loss) per share - Basic $(0.13) $1.15  $0.52 Net income (loss) per share - Diluted $(0.13) $