Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 27

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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,488 were surrendered to us to pay the applicable tax withholding obligations of equity award participants for the three and six months ended March 31, 2025.Operating income included stock-based compensation expense of $3.7 million and $3.0 million during the three months ended March 31, 2025 and 2024, respectively.  Operating income included stock-based compensation of $7.6 million and $6.4 million during the six months ended March 31, 2025 and 2024, respectively.  At March 31, 2025, there was approximately $16.8 million of unrecognized compensation expense related to stock-based compensation arrangements, which will be expensed through March 2028.We excluded 323,349 and 603,417 stock-based compensation instruments from the calculations of diluted earnings per share in the three months ended March 31, 2025 and 2024, respectively, and 302,180 and 659,148 for the six months ended March 31, 2025 and 2024, respectively, since their inclusion would have been antidilutive.

18

Note 7.  Supplemental Balance Sheet Information 

Selected supplemental asset information is presented below: March 31,September 30,  20252024 (in millions)Inventories, net:Purchased components and raw materials$164.3 $163.6 Work in process, net67.0 65.8 Finished goods, net74.2 72.3 Inventories, net$305.5 $301.7 Other current assets:Prepaid expenses$20.5 $17.2 Non-trade receivables3.1 3.4 Maintenance and repair supplies and tooling3.8 5.4 Goods to be returned3.2 4.2 Income taxes0.8 0.8 Workers' compensation reimbursement receivable2.4 2.4 Other current assets6.9 4.5 Total other current assets$40.7 $37.9 Property, plant and equipment:Land$6.5 $6.5 Buildings130.1 126.6 Machinery and equipment562.7 550.4 Construction in progress52.1 45.2 Total property, plant and equipment751.4 728.7 Accumulated depreciation(426.6)(409.9)Property