Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 19

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 experienced. Restructuring, asset impairment charges and the gain on sale of property and equipment, net are presented below:Three Months Ended March 31,(in millions)20252024Restructuring charges:Costs associated with exited operations – Enid$— $0.1 Total restructuring related charges— 0.1 Gain on sale of property and equipment, net:Gain on sale of property and equipment, net— (0.9)Total gain on sale of property and equipment, net— (0.9)Restructuring and other asset gains, net$— $(0.8)Restructuring charges by reportable segment are as follows:Three Months Ended March 31,(in millions)20252024Infrastructure Solutions$— $0.1 Total restructuring related charges$— $0.1 The net gains on sale of property and equipment by reportable segment are as follows:Three Months Ended March 31,(in millions)20252024Infrastructure Solutions$— $(0.1)Materials Solutions— (0.8)Total gain on sale of property and equipment, net$— $(0.9)

Note 11. Earnings Per Common Share

Basic earnings per common share is determined by dividing "Net income attributable to controlling interest" by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per common share includes the dilutive effect of common stock equivalents, consisting of restricted stock units, performance stock units and stock held in the Company's deferred compensation programs, using the treasury stock method. Potential common shares that have an 

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antidilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. Performance stock units, which are considered contingently issuable, are considered dilutive when the related performance criterion has been met.The following table sets forth a reconciliation of the number of shares used in the computation of basic and diluted earnings per common share:Three Months Ended March 31,20252024Denominator:Denominator for basic earnings per common share22,833,292 22,762,098 Effect of dilutive securities143,234 72,716 Denominator for diluted earnings per common share22,976,526 22,834,814 Antidilutive securities excluded from the calculation of diluted earnings per share424 14,130 

Note 12. Subsequent Events

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