Company: NSP
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001000753-25-000008
Chunk: 121

Company: INSPERITY, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 121
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 and 36,000 shares were issued from treasury under the ESPP during fiscal years 2024, 2023 and 2022, respectively.

10.Earnings Per ShareBasic EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period, plus the dilutive effect of time-based and performance-based RSUs.

The following table summarizes the net income and the basic and diluted shares used in the earnings per share computations:Year Ended December 31,(in millions)202420232022Net income$91 $171 $179 Weighted average common shares outstanding38 38 38 Incremental shares from assumed time-based and performance-based RSU awards— — 1 Adjusted weighted average common shares outstanding38 38 39 

An immaterial number of shares of time-based and performance-based RSU awards were excluded from the calculation of diluted earnings per share due to such shares being anti-dilutive during the years ended December 31, 2024 and 2023, respectively.

 F-272024   Form 10-K

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

11.LeasesWe have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2024, 2023 and 2022 were $20 million, $19 million, and $19 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Income. During 2024, cash paid for amounts included in the measurement of operating lease liabilities was $24 million.The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term and weighted average discount rates related to our operating leases:(dollars in millions)Classification in Consolidated Balance SheetsDecember 31, 2024Lease liabilities:Current operating lease liabilitiesOther accrued liabilities$19 Long-term operating lease liabilitiesOperating lease liabilities, net of current66 Total operating lease liabilities85 Less:Landlord funded tenant improvements13 Deferred rent7 Operating lease ROU assetsRight-of-use leased assets$65 Weighted average remaining lease term5 yearsWeighted average discount rate5 %The following presents the maturity of our operating lease liabilities as of December 31, 2024:(in millions)Operating Leases2025$23 202620 202718 202813 20298