Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 151

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 151
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 December 31, 2021, the Tax Cuts and Jobs Act of 2017 requires taxpayers to capitalize and amortize research and development costs pursuant to IRC Section 174. Section 174 requires taxpayers to capitalize research and development costs and amortize them over 5 years for expenditures attributed to domestic research and 15 years for expenditures attributed to foreign research. During the year ended December 31, 2024 our cash paid for taxes was adversely impacted by the requirement to capitalize and amortize research and development expenses under Section 174. Although Congress is considering legislation that would reinstate and extend Section 174 expensing for certain research and experimental expenditures, the possibility that this will happen is uncertain.

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 15—Earnings and Loss per Common Share

The calculation of basic and diluted earnings and loss per share ("EPS") was as follows: Year Ended December 31, 202420232022(In thousands, except per share data)Basic earnings and loss per Class A common shareNumerator:Net (loss) income$(26,702)$6,722 $64,212 Amount attributable to unvested Walmart restricted shares— — (178)Net (loss) income allocated to Class A common stockholders$(26,702)$6,722 $64,034 Denominator:Weighted-average Class A shares issued and outstanding53,527 52,251 53,351 Basic (loss) earnings per Class A common share$(0.50)$0.13 $1.20 Diluted earnings and loss per Class A common shareNumerator:Net (loss) income allocated to Class A common stockholders$(26,702)$6,722 $64,034 Re-allocated earnings— — 2 Diluted net (loss) income allocated to Class A common stockholders$(26,702)$6,722 $64,036 Denominator:Weighted-average Class A shares issued and outstanding53,527 52,251 53,351 Dilutive potential common shares:Stock options— — 29 Service based restricted stock units— 138 160 Performance-based restricted stock units— 52 295 Employee stock purchase plan— 69 36 Diluted weighted-average Class A shares issued and outstanding53,527 52