Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 52

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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        102,021

        105,948

        Dilutive securities:

        Stock option and stock award programs

        2,953

        2,770

        Weighted-average diluted shares

        104,974

        108,718

        Anti-dilutive options excluded from our computation of diluted shares

        1,522

        1,804

11

7.    Property and Equipment, NetDuring the three months ended December 31, 2024, we sold our corporate headquarters located in Denton, Texas to Denton County, Texas for $45.5 million, excluding $1.5 million in closing costs. As of September 30, 2024, the assets included in the sale were classified as held for sale within other current assets on our condensed consolidated balance sheet. As a result of the sale, we recognized a gain of approximately $26.6 million within selling, general and administrative expenses in our condensed consolidated statements of earnings. Additionally, we entered into a lease agreement with Denton County, Texas, to lease the building for $35,000 per month for twelve months, with the option to extend three additional months. At this time, we do not anticipate exercising this option.

8.    Goodwill and Intangible AssetsFor the three months ended December 31, 2024, we considered potential triggering events and determined there were none during the period. No material impairment losses were recognized in the current or prior periods presented in connection with our goodwill and other intangible assets. Goodwill allocated to our SBS and BSG reporting units, which are also defined as our SBS and BSG segments, was $82.6 million and $448.2 million, respectively, as of December 31, 2024.  

        Three Months EndedDecember 31,

        (in thousands)
         
        2024

        2023

        Intangible assets amortization expense
         
        $
        858

        $
        860

       For the three months ended December 31, 2024, changes in goodwill reflect the effects of foreign currency exchange rates of $7.2 million and adjustments of $0.4 million from the completion of our Exclusive Beauty Supply, Inc. acquisition fair value assessment. Additionally, the changes to other intangibles include effects of foreign currency exchange rates of $1.4 million.

9.    Accrued LiabilitiesAccrued liabilities consist of the following (