Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 29

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 Company is subject to a decrease in the Global Intangible Low-Tax Income inclusion derived from the increase in French revenue. During both the three months ended March 31, 2025 and 2024, the Company recorded discrete net benefits of $3.9 million and $1.7 million, respectively, primarily related to share-based compensation.The effective tax rate reported in any given year will continue to be influenced by a variety of factors, including timing differences between the recognition of book and tax revenue, the level of pre-tax income or loss, the foreign vs. domestic classification of the Company’s customers, and any discrete items that may occur.During the three months ended March 31, 2025 and 2024, the Company paid approximately $3.2 million and $9.3 million, respectively, in foreign source creditable withholding tax.

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8.  NET INCOME PER SHARE

Basic Earnings Per Share ("EPS") is calculated by dividing net income or loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if options or other securities with features that could result in the issuance of common stock were exercised or converted to common stock or resulting from the unvested outstanding restricted stock units ("RSUs"). The following tables reconcile the numerator and the denominator of the basic and diluted net income per share computation (in thousands, except for per share data): Three Months Ended March 31,20252024Net income$115,602 $81,652 Weighted-average shares outstanding:Basic25,741 25,510 Dilutive effect of stock options and RSUs1,275 889 Dilutive effect of warrants2,819 — Dilutive effect of convertible securities3,670 1,942 Diluted33,505 28,341 Earnings per share:Basic$4.49 $3.20 Dilutive effect of stock options and RSUs(0.17)(0.10)Dilutive effect of warrants(0.38)— Dilutive effect of convertible securities(0.49)(0.22)Diluted$3.45 $2.88 Shares of common stock issuable upon the exercise or conversion of certain securities have been excluded from our computation of EPS because the strike price or conversion rate, as applicable, of such securities was greater than the average market price of our common stock and