Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 27

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 27
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 336 336 Total other comprehensive (loss) income(14,909)336 (14,573)Balance, December 31, 2022$(204,676)$152 $(204,524)Other comprehensive loss, net of tax:Foreign currency translation adjustments and other before reclassification, net of tax of $151(7,854)— (7,854)Unrealized (loss) on derivatives, net of tax benefit of $46— (152)(152)Total other comprehensive loss(7,854)(152)(8,006)Balance, December 31, 2023$(212,530)$— $(212,530)Other comprehensive loss, net of tax:Foreign currency translation adjustments and other before reclassification, net of tax of $161(43,507)— (43,507)Reclassification for foreign currency translation adjustments related to the divestiture of Russian operations to net loss, net of tax expense of $1,324136,670 — 136,670 Total other comprehensive income93,163 — 93,163 Balance, December 31, 2024$(119,367)$— $(119,367)Derivative Instruments — The Company's primary market exposures are to interest rates and foreign exchange rates. The Company from time to time may use certain derivative financial instruments to help manage these exposures. The Company executes these instruments with financial institutions it judges to be credit-worthy. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. The Company recognizes all derivative financial instruments as either assets or liabilities at fair value in the Consolidated Balance Sheets.(Losses) Earnings Per Share — Basic net (loss) income per common share is computed by dividing net income attributable to common shareholders of the Company by the weighted-average number of common shares outstanding during the reporting period. Diluted net income per common share is computed similarly to basic net income per common share, 

F-13

Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share data)

except that it includes the potential dilution that could occur if dilutive securities were exercised. Information about potentially dilutive and antidilutive shares for the reporting period is provided in Note 18, "Net (Loss) Income Attributable to IPG Photonics Corporation Per Share."  Leases — The Company determines if an arrangement is a lease at inception. Operating leases are