Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 49

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 49
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ATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:202420232022Balance at January 1$17,176 $15,841 $19,209 Change in prior period positions(433)(1,306)(3,921)Settlement of prior period position(3,347)— — Additions for tax positions in current and prior periods566 3,041 735 Foreign exchange adjustments(107)(400)(182)Balance at December 31$13,855 $17,176 $15,841 The liability for uncertain tax benefits is included in other long-term liabilities and deferred income taxes at December 31, 2024 and 2023. Substantially all of the uncertain tax benefits recorded as of December 31, 2024 will benefit the Company's effective tax rate, if recognized.  Estimated penalties and interest related to the potential underpayment of income taxes were a net expense of $349 and $646 for the years ended December 31, 2024 and 2023, respectively, and are included within the provision for income taxes. Total accrued penalties and interest related to the underpayment of income taxes were $2,497 and $2,043 at December 31, 2024 and 2023, respectively.The Company's uncertain tax positions are related to tax years that remain subject to examination by the relevant taxing authorities. The Company is currently under a tax audit in Germany for tax years 2021 through 2023 and in China for tax years 2013 through 2022. Open tax years by major jurisdictions are:JurisdictionOpen Tax YearsUnited States2021 - 2024Germany2021 - 2024China2013 - 2024

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Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

18. NET (LOSS) INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION PER SHARE

The following table sets forth the computation of diluted net (loss) income attributable to IPG Photonics Corporation per share: Year Ended December 31, 202420232022Net (loss) income attributable to IPG Photonics Corporation common stockholders$(181,526)$218,878 $109,909 Basic weighted