Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 50

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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000 1,000 Balance, June 30, 2025$(3,032)$(3,032)Foreign Currency TranslationTotal Accumulated Other Comprehensive LossBalance, December 31, 2023$(4,185)$(4,185)Other comprehensive income194 194 Net other comprehensive income194 194 Balance, June 30, 2024$(3,991)$(3,991)

(6)     Net Income (Loss) per Common Share

    Basic net income (loss) per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. The computation of diluted weighted-average common shares outstanding excludes 1,396 weighted average anti-dilutive stock-based awards outstanding for the three-month period ended June 30, 2025. For the six months ended June 30, 2025, since there was a net loss, the company excluded 1,252 shares underlying outstanding stock options and non-vested restricted shares from its diluted loss per share calculation as inclusion of these convertible securities would have reduced the net loss per share. For the three and six months ended June 30, 2024, since there was a net loss, the company excluded 1,375 and 1,297 shares, respectively, in outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these convertible securities would have reduced the net loss per share.

13

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows: Three Months EndedSix Months Ended June 30,June 30, 2025202420252024Weighted average common shares outstanding—basic19,401 19,381 19,446 19,333 Dilutive common shares issuable in connection with stock plans40 — — — Weighted average common shares outstanding—diluted19,441 19,381 19,446 19,333 

(7)     Inventories

Inventories are stated at the lower of cost or net realizable value using the first-in first-out costing method. Inventories as of June 30, 2025 and December 31, 2024 include the costs of material, labor, and factory overhead. Components