Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 38

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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296,170 $191,316 Weighted-average shares outstanding:Basic25,917 25,207 25,829 25,359 Dilutive effect of stock options and RSUs1,035 794 1,154 841 Dilutive effect of warrants2,982 38 2,901 19 Dilutive effect of convertible securities3,791 1,871 3,731 1,906 Diluted33,725 27,910 33,615 28,125 Earnings per share:Basic$6.97 $4.35 $11.47 $7.54 Dilutive effect of stock options and RSUs(0.22)(0.11)(0.40)(0.20)Dilutive effect of warrants(0.62)(0.01)(0.99)(0.01)Dilutive effect of convertible securities(0.78)(0.30)(1.27)(0.53)Diluted$5.35 $3.93 $8.81 $6.80 Shares of common stock issuable upon the exercise or conversion of certain securities have been excluded from our computation of EPS because the strike price or conversion rate, as applicable, of such securities was greater than the average market price of our common stock and, as a result, the effect of such exercise or conversion would have been anti-dilutive. Set forth below are the securities and the weighted average number of shares of common stock underlying such securities that were excluded from our computation of EPS for the periods presented (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Warrants2,980 7,462 3,058 7,475 Convertible Notes and WarrantsRefer to Note 5, "Obligations," for information about the Company's convertible notes and warrants and related conversion and strike prices. During periods in which the average market price of the Company's common stock is above the applicable conversion price of the Company's convertible notes, or above the strike price of the Company's outstanding warrants, the impact of conversion or exercise, as applicable, would be dilutive and such dilutive effect is reflected in diluted EPS. As a result, in periods where the average market price of the Company's common stock is above the conversion price or strike price, as applicable, under the if-converted method