Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 28

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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 Inc.Notes to Unaudited Condensed Consolidated Financial Statements

estimated state income tax and apportionment rates, and permanent differences. For the three and nine month periods ended September 28, 2024, effective rates were primarily impacted by state income taxes, statutory rate differentials, and permanent differences.On July 4, 2025, H.R.1 (commonly referred to as the One Big Beautiful Bill Act or “OB3”) was enacted, reinstating bonus depreciation, accelerating the deduction for research and experimentation expenses previously capitalized and amortized under the Tax Cuts and Jobs Act of 2017 (“TCJA”), and allowing for an increased deduction of interest expense. During the three month period ended September 27, 2025, we reflected the changes to certain timing differences in the current period. The primary impact of OB3 in the current year was a reclassification between deferred income tax and current income tax of approximately $11.5 million with no material impact to the effective tax rate.

15. Net Income Per ShareBasic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. For the three and nine month periods ended September 27, 2025 and September 28, 2024, dilutive potential common shares include stock options and unvested RSUs. Dilutive earnings per share (“EPS”) excludes all common shares if their effect is anti-dilutive.The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the periods presented:Three Months EndedNine Months Ended(amounts in millions, except share and per share data)September 27, 2025September 28, 2024September 27, 2025September 28, 2024Numerator:Net income attributable to common stockholders$15.2 $11.8 $46.7 $70.1 Denominator:Weighted average number of shares:Basic138,869,081 143,666,406 139,490,841 145,376,074 Adjustment for dilutive securities566,297 614,846 412,480 544,789 Diluted139,435,378 144,281,252 139,903,321 145,920,863