Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 144

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 144
---
    (8,802
    )

    (2,825
    )

    5,437

    Income before income taxes

    83,895

    81,220

    84,342

    Income tax expense

    20,568

    16,905

    16,113

    Net income
     
    $
    63,327

    $
    64,315

    $
    68,229

    Earnings per share:

    Basic
     
    $
    1.76

    $
    1.81

    $
    1.94

    Diluted
     
    $
    1.72

    $
    1.79

    $
    1.91

    Weighted-average number of shares outstanding:

    Basic

    35,970

    35,566

    35,179

    Diluted

    36,759

    35,973

    35,718

See accompanying notes to the consolidated financial statements.

44

BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income 

    Year Ended December 31,

    (in thousands)
     
    2024

    2023

    2022

    Net income
     
    $
    63,327

    $
    64,315

    $
    68,229

    Other comprehensive income (loss):

    Foreign currency translation adjustments

    (4,533
    )

    2,964

    (3,148
    )

    Unrealized gain (loss) on derivatives, net of tax

    (3,044
    )

    (628
    )

    4,160

    Other

    196

    37

    (87
    )

    Total other comprehensive (loss) income

    (7,381
    )

    2,373

    925

    Comprehensive income
     
    $
    55,946

    $
    66,688

    $
    69,154

See accompanying notes to the consolidated financial statements.

45

BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Consolidated Statements of Shareholders’ Equity

    (in thousands)
     
    Shares

    CommonStock

    AdditionalPaid-inCapital

    RetainedE