Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 34

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 34
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2024, the Company purchased 1,124,476 shares for an aggregate purchase price of $23.4 million. As of March 31, 2025, there was $59.5 million available for future share repurchases under the Repurchase Program.

NOTE 14 – EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income for the period by the weighted-average number of common shares outstanding for the period. In computing dilutive earnings per share, basic earnings per share is adjusted for the assumed issuance of all applicable potentially dilutive share-based awards, including common stock options, RSUs, RSAs and PSUs. Shares of treasury stock are not considered outstanding and therefore are excluded from the weighted-average number of common shares outstanding calculation.Below are basic and diluted earnings per share for the periods indicated (in thousands, except for share data):Three Months Ended March 31,20252024Net income$7,769 $12,106 Shares:Weighted-average common shares outstanding – basic30,587,949 33,675,441 Effect of dilutive securitiesRSUs97,342 113,534 Stock options44,316 237,985 RSAs53,495 58,380 PSUs48,531 103,474 Weighted-average common shares outstanding – diluted30,831,633 34,188,814 Earnings per common share – basic$0.25 $0.36 Earnings per common share – diluted$0.25 $0.35 As of March 31, 2025, there were approximately 300.3 thousand RSUs and 168.0 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.As of March 31, 2024, there were approximately 77.9 thousand PSUs, 202.8 thousand RSUs and 108.3 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.As discussed in Note 13, the Company repurchased 367,873 shares and 1,124,476 shares of its common stock in the three months ended March 31, 2025 and 2024, respectively. The effect of these repurchases on the Company’s weighted-average shares outstanding for the three months ended March 31, 2025 and