Company: MGRC
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248724
Chunk: 9

Company: MCGRATH RENTCORP
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
 of all potentially dilutive securities including the dilutive effect of stock options, unvested restricted stock awards and other potentially dilutive securities. The table below presents the weighted-average number of shares of common stock used to calculate basic and diluted earnings per share:
Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands) 2025 2025
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Weighted-average number of shares of common stock for 24,612 24,551 24,598 24,538
Effect of potentially dilutive securities from equity-based 32 16 30 26
Weighted-average number of shares of common stock for 24,644 24,567 24,628 24,564
There were57,157 anti-dilutive securities excluded from the computation of diluted earnings per share for the nine months ended September 30, 2025. There wereno anti-dilutive securities excluded from the computation of diluted earnings per share for the nine months ended September 30, 2024.
The Company has in the past made purchases of shares of its common stock from time to time in over-the-counter market (NASDAQ) transactions, through privately negotiated, large block transactions and through a share repurchase plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In September 2024, the Company's Board of Directors increased the capacity under the share repurchase program by authorizing the Company to repurchase up to2,000,000 shares of the Company's outstanding common stock (the "Repurchase Plan"), an increase from the1,309,805 remaining shares authorized for repurchase under the Repurchase Plan established in August 2015. The amount and time of the specific repurchases are subject to prevailing market conditions, applicable legal requirements and other factors, including management’s discretion. All shares repurchased by the Company are canceled and returned to the status of authorized but unissued shares of common stock. There can be no assurance that any authorized shares will be repurchased, and the Repurchase Plan may be modified, extended or terminated by the Company’s Board of Directors at any time. There wereno shares repurchased during the nine months ended September 30, 2025 and 2024. As of September 30, 2025,2,000,000 shares remained authorized for