Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 139

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 139
---
 taken on income tax return calculations finalized during the three months ended March 31, 2025.

Note 12. Net Income per Share

 The following table sets forth the computation of basic and diluted net income per share attributable to common stock (in thousands, except per share amounts): Three Months EndedMarch 31, 20252024Numerator:Net income$93,230 $105,028 Denominator:Weighted average common shares outstanding, basic73,562 75,175 Dilutive effect of potential common stock53 147 Total shares, diluted73,615 75,322 Net income per share, basic$1.27 $1.40 Net income per share, diluted$1.27 $1.39 Anti-dilutive potential common shares 1964 571 

1 Represents approximately 964 thousand RSU weighted average outstanding common stock equivalent shares for the three months ended March 31, 2025 and approximately 569 thousand RSU and 2 thousand ESPP weighted average outstanding common stock equivalent shares for the three months ended March 31, 2024 that are excluded from the calculation of diluted net income per share as the effect would have been anti-dilutive. 

Note 13. Supplemental Cash Flow Information 

The supplemental cash flow information consists of the following (in thousands): Three Months EndedMarch 31, 20252024Non-cash investing and financing activities:Acquisition of property, plant and equipment in accounts payable and accrued liabilities$13,851 $21,284 Final settlement of prior year stock repurchase forward contract— 50,000 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$9,592 $9,998 Right-of-use assets obtained in exchange for lease obligations:Operating leases$5,024 $10,568 

20 

Note 14. Segments and Geographical Information

Segment InformationWe report segment information based on the management approach. The management approach designates the internal reporting used by our Chief Operating Decision Maker (“CODM”), our Chief Executive Officer, for decision making and performance assessment as the basis for determining our reportable segments. We group our operations into two reportable segments; Clear Aligner segment and Imaging Systems and CAD/CAM services (“Systems and Services”) segment, which are based on our predominant product lines.Our CODM uses gross profit and income from operations to assess