Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 5

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 5
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Long-lived AssetsUnited States$627,799 $635,698 Other countries137,498 135,958 Total$765,297 $771,656 

3.Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months Ended March 28,2025March 29,2024Net earnings available to common shareholders$124,101 $122,199 Weighted average shares outstanding for basic earnings per share168,560 168,490 Dilutive effect of stock options computed using the treasury stock method and the average market price3,021 3,956 Weighted average shares outstanding for diluted earnings per share171,581 172,446 Basic earnings per share$0.74 $0.73 Diluted earnings per share$0.72 $0.71 Anti-dilutive shares not included in diluted earnings per share computation1,860 940 

8

4.Share-Based Awards

Options on common shares granted and outstanding, as well as the weighted average exercise price, are shown below (in thousands, except exercise prices):OptionSharesWeighted AverageExercise PriceOptionsExercisableWeighted AverageExercise PriceOutstanding, December 27, 20249,139 $55.60 6,582 $47.16 Granted959 85.93 Exercised(357)27.87 Canceled(10)56.06 Outstanding, March 28, 20259,731 $59.60 6,907 $51.06 The Company recognized year-to-date share-based compensation of $7 million in 2025 and $11 million in 2024. As of March 28, 2025, there was $37 million of unrecognized compensation cost related to unvested options, expected to be recognized over a weighted average period of 3.0 years.The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions and results: Three Months Ended March 28,2025March 29,2024Expected life in years6.66.6Interest rate4.4 %4.2 %Volatility26.2 %26.3 %Dividend yield1.3 %1.1 %Weighted average fair value per share$