Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 92

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 cash equivalents acquired for these acquisitions was $0.1 million. Transaction-related costs included within selling, general, and administrative expenses in the consolidated statements of operations was $0.5 million for the six months ended June 30, 2025.The goodwill total of approximately $6.9 million for the six months ended June 30, 2025 assigned to our SC segment was primarily attributable to expected synergies and the assembled workforce of the entities. The total amount of goodwill expected to be deductible for tax purposes is $6.5 million.The acquisitions' operating results are included within the Company's consolidated statements of operations from the date of acquisition, which were not material for the six months ended June 30, 2025. Pro forma results of operations information have not been presented, as the effects of the acquisitions were not material to our financial results. 

Of the $3.5 million of acquired intangible assets, $0.2 million was provisionally assigned to non-compete agreements that are subject to amortization over 5 years, and $3.3 million was assigned to customer relationships and will be amortized over a period of 8 years. 

NOTE 13 - SHARE REPURCHASES

On December 15, 2022, the Company announced a Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares, of the Company's outstanding common stock over the next 24 months from the date of the announcement. The Company completed the program in August 2024.On August 28, 2024, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to $85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months.

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Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury stock.The following table represents total number of shares purchased, the amount paid, and the average price paid per share under share repurchase programs authorized by our Board of Directors:Three Months Ended June 30,Six Months Ended June 30,(in thousands, except per share data)2025202420252024Total number of shares purchased— 139.4 — 465.8 Amount paid$— $6,992 $— $23,798 Average price paid per share$— $50.15 $— $51