Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 19

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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			$
			31

			2026

			4,614

			28

			2027

			4,088

			6

			2028

			3,012

			-

			2029

			2,091

			-

			Thereafter

			4,040

			-

			Total lease payments

			20,200

			65

			Less: Interest

			(2,800
			)

			(1
			)

			Present value of lease liabilities

			$
			17,400

			$
			64

			(12)

			Income Per Share

Basic income per share is based on the weighted average number of shares of common stock outstanding. Diluted income per share is based upon the weighted average number of common shares outstanding and dilutive common stock equivalent shares outstanding during each period.

The weighted average number of shares used to compute basic and diluted net income per share consisted of the following (in thousands):

			Three Months Ended

			Six Months Ended

			June 30,

			June 30,

			2025

			2024

			2025

			2024

			Basic weighted average common shares outstanding

			7,709

			7,672

			7,698

			7,662

			Weighted average common equivalent shares due to dilutive restricted stock, stock options and RSUs

			64

			81

			85

			94

			Diluted weighted average common shares outstanding

			7,773

			7,753

			7,783

			7,756

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, when the average market price of the common stock is lower than the exercise price of the related options during the period. These outstanding stock awards are not included in the computation of diluted income per share because the effect would be antidilutive. For the three and six months ended June 30, 2025, 2,958 were excluded from the computation of diluted earnings per share for this reason. For the three and six months ended June 30, 2024, there were no stock awards excluded from the computation of diluted earnings per share for this reason.

20

			(