Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 8

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 Ended                                                For the Six Months Ended                                  
                                                          June 30,                                                                  June 30,                                                  
                                                          2025                                            2024                      2025                                                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income (numerator)                                  $                                1,244,000      $          1,644,000      $                              1,857,000       2,220,000  
  Shares (denominator):                                                                                                                                                                       
  Basic weighted average common shares outstanding                                        10,501,865                11,137,066                                    10,407,287      11,281,739  
  Add: dilutive effect of common stock options                                               109,187                    89,275                                       110,365          93,962  
  Diluted weighted average common shares outstanding                                      10,611,052                11,226,341                                    10,517,652      11,375,701  
  Earnings per common share:                                                                                                                                                                  
  Basic                                                   $                                     0.12      $               0.15      $                                   0.18            0.20  
  Diluted                                                 $                                     0.12      $               0.15      $                                   0.18            0.20  

  Accumulated Other Comprehensive Loss  
 ────────────────────────────────────────

AOCL, a component of shareholders' equity, consists of foreign currency translation adjustments related to foreign currency gains or losses on our unconsolidated affiliate as its functional currency is other than the U. S. dollar. The resulting foreign currency translation gains or losses are deferred as AOCL and reclassified to earnings only upon sale or liquidation of that business. The AOCL on equity in unconsolidated affiliate was $1,586,000and $1,499,000as of June 30, 2025 and December 31, 2024, respectively.

  10.      Segments Reporting  
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The Company has determined that it has tworeporting segments, which are also operating segments:

(1)Building Supply: consisting of construction weatherization products, such as housewrap, housewrap accessories including window and door flashing, seam tape, synthetic roof underlayment and synthetic roof underlayment accessories, as well as other woven materials. The majority of the Company