Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 57

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 57
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Note 8)6,363 3,755 Other46,617 35,908 Accrued liabilities$148,836 $149,593  (1) Revenue recognized for amounts included in deferred revenue at the beginning of the period was $12,318 for the quarter ended March 31, 2025 and $14,644 for the quarter ended March 31, 2024.Supplemental cash flow information – The reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the consolidated statements of cash flows was as follows:(in thousands)March 31,2025March 31,2024Cash and cash equivalents$30,316 $23,544 Restricted cash and restricted cash equivalents included in settlement processing assets34,019 108,227 Non-current restricted cash included in other non-current assets2,950 3,073 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$67,285 $134,844 

10

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 4:EARNINGS PER SHAREThe following table reflects the calculation of basic and diluted earnings per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive. Quarter EndedMarch 31,(in thousands, except per share amounts)20252024Earnings per share – basic:  Net income$14,048 $10,830 Net income attributable to non-controlling interest(35)(27)Net income attributable to Deluxe14,013 10,803 Income allocated to participating securities(3)(9)Income attributable to Deluxe available to common shareholders$14,010 $10,794 Weighted-average shares outstanding44,551 43,917 Earnings per share – basic$0.31 $0.25 Earnings per share – diluted:Net income$14,048 $10,830 Net income attributable to non-controlling interest(35)(27)Net income attributable to Deluxe14,013 10,803 Income allocated to participating securities(3)(9)Re-measurement of share-based awards classified as liabilities(66)(37)Income attributable to Deluxe available to common shareholders$13,944 $10,757 Weighted-average shares outstanding44