Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 53

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 over 5 years, and $5.5 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.

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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. 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 September 30,Nine Months Ended September 30,(in thousands, except per share data)2025202420252024Total number of shares purchased19.2 100.0 19.2 565.8 Amount paid$1,999 $4,985 $1,999 $28,783 Average price paid per share$104.18 $49.85 $104.18 $50.87 

NOTE 14 - SUPPLEMENTAL CASH FLOW INFORMATION

Nine Months Ended September 30,(in thousands)20252024Supplemental disclosures of cash flow information:Cash paid for interest$40,225 $43,966 Cash paid for income taxes35,095 17,911 Non-cash investing and financing activities:Treasury shares repurchase accruals$(28)$225 

NOTE 15 - OTHER INCOME AND EXPENSES

The components of other (income) expense were as follows:Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Interest income(768)(422)(2,565)(3,487)Change in fair value of contingent consideration204 685 932 380 Other, net(84)(103)(687)263 Total(648)160 (2,320)(2,844)

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NOTE