Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 32

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 gives effect to all potentially dilutive common equivalent shares outstanding for the period under the treasury stock method.Basic and diluted net income per share were as follows:Thirteen Weeks EndedTwenty-Six Weeks Ended(in thousands, except per share data)June 28, 2025June 29, 2024June 28, 2025June 29, 2024NumeratorNet income$18,917 $9,712 $14,194 $9,245 DenominatorBasic weighted average shares outstanding156,464161,788157,524161,518Dilutive effect of employee stock options and awards5,9296,2225,7736,502Diluted weighted average shares outstanding (1)162,393168,010163,297168,020Net income per shareBasic$0.12 $0.06 $0.09 $0.06 Diluted$0.12 $0.06 $0.09 $0.06 

(1)For the thirteen and twenty-six weeks ended June 28, 2025, the calculation of diluted net income per share excludes the effect of 8.2 million and 7.6 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive. For the thirteen and twenty-six weeks ended June 29, 2024, the calculation of diluted net income per share excludes the effect of 3.5 million and 2.4 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive. 

Note 9. Share Repurchases

Concurrent share repurchaseAs part of the Offering, the Company purchased from the underwriters approximately 2.3 million shares of common stock at a price per share of $8.86 and a total cost of approximately $20.0 million, excluding excise tax. The Company funded the Concurrent Share Repurchase from its existing cash on hand and it was not part of its existing share repurchase program authorized in November 2023.Share repurchase authorizationIn November 2023, the Company authorized a share repurchase program of up to $50.0 million of the Company’s common stock. The share repurchase program does not obligate us to purchase any minimum number of shares, and the