Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 67

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 67
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uring and integration (Note 8)3,889 3,755 Other42,215 35,290 Accrued liabilities$173,726 $149,593  (1) Revenue recognized for amounts included in deferred revenue at the beginning of the period was $25,828 for the nine months ended September 30, 2025 and $30,707 for the nine months ended September 30, 2024.Supplemental cash flow information – The reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the consolidated statements of cash flows was as follows:(in thousands)September 30,2025September 30,2024Cash and cash equivalents$25,803 $41,307 Restricted cash and restricted cash equivalents included in settlement processing assets34,938 41,258 Non-current restricted cash included in other non-current assets2,884 3,030 Total cash, cash equivalents, restricted cash, and restricted cash equivalents$63,625 $85,595 

12

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 4: EARNINGS PER SHAREThe 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. Quarter EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except per share amounts)2025202420252024Earnings per share – basic:  Net income$33,766 $8,969 $70,235 $40,296 Net income attributable to non-controlling interest(37)(38)(109)(103)Net income attributable to Deluxe33,729 8,931 70,126 40,193 Income allocated to participating securities— (3)(3)(15)Income attributable to Deluxe available to common shareholders$33,729 $8,928 $70,123 $40,178 Weighted-average shares outstanding44,936 44,250 44,769 44,106 Earnings per share – basic$0.75 $0.20 $1.57 $0.91 Earnings per share – diluted:Net income$33,766 $8,969 $70,235