Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 40

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 40
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  (6,292)
 Net income attributable to common shareholders—basic   27,946   19,878 
 Effect of dilutive preferred stock dividends and discount accretion   600   597 
 Net income attributable to common shareholders—diluted  $28,546  $20,475 
 Denominator:         
 Basic (including unvested share-based payment awards) (1)   15,115   14,673 
 Effect of dilutive stock compensation arrangements and exchange of preferred stock   4,070   4,051 
 Diluted (including unvested share-based payment awards) (1)   19,185   18,724 
 Net income attributable to common shareholders per share—basic  $1.85  $1.35 
 Net income attributable to common shareholders per share—diluted  $1.49  $1.09 

     (1)  Shares related to unvested share-based payment awards included in our basic and diluted share counts were 352,266 for the three months ended  March 31, 2025 compared to 293,578 for the three months ended  March 31, 2024, respectively. 

   As their effects were anti-dilutive, we excluded stock options to purchase 0.1 million shares from our net income attributable to controlling interests per share of common stock calculations for the three months ended  March 31, 2024. There were no such anti-dilutive stock options for the three months ended  March 31, 2025.
    
   For the three months ended  March 31, 2025 and 2024, we included 4.0 million shares of common stock for each period in our outstanding diluted share counts associated with our Series A Preferred Stock. See Note 5, "Redeemable Preferred Stock," for a further discussion of these convertible securities.

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    12.  Stock-Based Compensation 

   We currently have two stock-based compensation plans, the Second Amended and Restated Employee Stock Purchase Plan (the "ESPP") and the Fourth Amended and Restated 2014 Equity Incentive Plan (the "Fourth Amended 2014 Plan"). Our ESPP provides that we  may issue up to 500,000 shares of our common stock under the plan. Our Fourth Amended 201