Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 29

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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,559

        Total stock-based compensation expense
         
        $
        55,851

        $
        59,013

      As of December 31, 2024 and September 30, 2024, we had liability-classified awards related to stock-based compensation based on a fixed monetary amount of $10.2 million and $47.7 million, respectively. The liability as of September 30, 2024 was settled via the issuance of shares in the first quarter of 2025.

4. Earnings per Share (EPS) and Common StockEPSThe following table presents the calculation for both basic and diluted EPS:

        (in thousands, except per share data)
         
        Three months ended

        December 31,2024

        December 31,2023

        Net income
         
        $
        82,232

        $
        66,387

        Weighted-average shares outstanding—Basic

        120,243

        119,124

        Dilutive effect of restricted stock units

        902

        1,126

        Weighted-average shares outstanding—Diluted

        121,145

        120,250

        Earnings per share—Basic
         
        $
        0.68

        $
        0.56

        Earnings per share—Diluted
         
        $
        0.68

        $
        0.55

      Anti-dilutive shares were immaterial for the three months ended December 31, 2024 and December 31, 2023.Common Stock RepurchasesOur Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $2 billion of our common stock in the period October 1, 2024 through September 30, 2027. In the three months ended December 31, 2024, we repurchased 0.4 million shares for $75 million. We did not repurchase any shares in the three months ended December 31, 2023. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued. 

8

5. AcquisitionsAcquisition and transaction-related costs in the three months ended December 31, 2024 totaled $0.2 million, compared to $2.5 million in the three months ended December 31, 202