Company: DLX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000027996-25-000051
Chunk: 112

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 112
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 information was as follows for the years ended December 31:(in thousands)202420232022Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the consolidated balance sheets:Cash and cash equivalents$34,399 $71,962 $40,435 Restricted cash and restricted cash equivalents included in settlement processing assets271,876 383,134 294,165 Non-current restricted cash included in other non-current assets2,878 2,937 2,815 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$309,153 $458,033 $337,415 Interest paid$117,828 $115,556 $87,108 Income taxes paid49,893 47,945 38,629 Non-cash investing activities:Accrued purchases of capital assets$6,421 $11,924 $1,340 Non-cash financing activities:Vesting of restricted stock unit awards11,426 8,538 13,602 Information regarding operating and finance leases executed in each period can be found in Note 14.

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DELUXE CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 4: EARNINGS PER SHARE

The 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. (in thousands, except per share amounts)202420232022Earnings per share – basic:  Net income$52,945 $26,227 $65,530 Net income attributable to non-controlling interest(143)(107)(135)Net income attributable to Deluxe52,802 26,120 65,395 Income allocated to participating securities(18)(38)(47)Income attributable to Deluxe available to common shareholders$52,784 $26,082 $65,348 Weighted-average shares outstanding44,154 43,553 43,025 Earnings per share – basic$1.20 $0.60 $1.52 Earnings per share – diluted:  Net income$52,945 $26,227 $65,530 Net income attributable to non-controlling interest(143)(107)(135)Net income attributable to Deluxe52,