Company: APT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015457
Chunk: 8

Company: ALPHA PRO TECH LTD
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 of both net income and the number of shares used in the computation of “basic” earnings per common share (“ EPS”), which utilizes the weighted average number of common shares outstanding without regard to dilutive shares, and “diluted” EPS, which includes all such dilutive shares, for the three months ended March 31, 2025 and 2024:

                                                          For the Three Months Ended                                            
                                                          March 31,                                                             
                                                          2025                                            2024                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income (numerator)                                  $                                  613,000      $            576,000  
  Shares (denominator):                                                                                                         
  Basic weighted average common shares outstanding                                        10,724,760                11,285,296  
  Add: dilutive effect of common stock options                                               111,821                   104,098  
  Diluted weighted average common shares outstanding                                      10,836,581                11,389,394  
  Earnings per common share:                                                                                                    
  Basic                                                   $                                     0.06      $               0.05  
  Diluted                                                 $                                     0.06      $               0.05  

  Accumulated Other Comprehensive Loss  
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AOCL, a component of shareholders' equity, consists of foreign currency translation adjustments related to foreign currency gains or losses on our unconsolidated affiliate as its functional currency is other than the U. S. dollar. The resulting foreign currency translation gains or losses are deferred as AOCL and reclassified to earnings only upon sale or liquidation of that business. The AOCL on equity in unconsolidated affiliate was $1,564,000and $1,499,000as of March 31, 2025 and December 31, 2024, respectively.

  10.      Segments Reporting  
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The Company has determined that it has tworeporting segments, which are also operating segments:

(1)Building Supply: consisting of construction weatherization products, such as housewrap, housewrap accessories including window and door flashing, seam tape, synthetic roof underlayment and synthetic roof underlayment accessories, as well as other woven materials. The majority of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.

(