Company: IRDM
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005302
Chunk: 154

Company: Iridium Communications Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 154
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31, 2024 and 2023, respectively. 

The Company and the other Aireon investors have agreed to participate pro rata, based on their respective fully diluted ownership stakes, in funding an investor bridge loan to Aireon. The Company’s maximum commitment under the investor bridge loan is $11.9 million. No bridge loan amounts were outstanding as of December 31, 2024 or 2023. 

15. Net Income Per Share

The Company calculates basic net income per common share by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. In periods of net income, diluted net income per share takes into account the effect of potentially dilutive common shares when the effect is dilutive. Potentially dilutive common shares include (i) shares of common stock issuable upon exercise of outstanding stock options and (ii) shares underlying RSUs that are contingently issuable upon achievement of certain service and performance requirements. The effect of potentially dilutive common shares is computed using the treasury stock method.

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The following table summarizes the computations of basic and diluted net income per common share: Year Ended December 31, 202420232022 (In thousands, except per share data)Numerator:Net income attributable to common stockholders - basic and diluted$112,776 $15,415 $8,722 Denominator:Weighted average common shares - basic118,566 125,598 128,255 Weighted average common shares - diluted119,792 127,215 130,134 Net income attributable to common stockholders per share - basic$0.95 $0.12 $0.07 Net income attributable to common stockholders per share - diluted$0.94 $0.12 $0.07 For the year ended December 31, 2022, 0.2 million unvested service-based RSUs were excluded from the computation of basic net income per share and not included in the computation of diluted net income per share, as the effect would be anti-dilutive, and 0.2 million unvested performance-based RSUs were not included in the computation of basic and diluted net income per share, as certain performance criteria have not been satisfied. There were no such shares for the years ended December 31, 2024 or 2023.The following table presents the incremental number of shares