Company: DXPE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001020710-25-000092
Chunk: 43

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Pro forma results of operations information have not been presented, as the effects of the acquisitions were not material to our financial results. 

Of the $3.3 million of acquired intangible assets, $0.2 million was provisionally assigned to non-compete agreements that are subject to amortization over 5 years, and $3.1 million was assigned to customer relationships and will be amortized over a period of 8 years. 

NOTE 13 - SHARE REPURCHASES

On December 15, 2022, the Company announced a new Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares, of the Company's outstanding common stock over the next 24 months from the date of the announcement. The Company completed the program in August 2024.On August 28, 2024, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to $85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months.Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury stock.The following table represents total number of shares purchased, the amount paid, and the average price paid per share under share repurchase programs authorized by our Board of Directors:Three Months Ended March 31,(in thousands, except per share data)20252024Total number of shares purchased— 326.4 Amount paid$— $16,805 Average price paid per share$— $51.49 

NOTE 14 - SUPPLEMENTAL CASH FLOW INFORMATION

Three Months Ended March 31,(in thousands)20252024Supplemental disclosures of cash flow information:Cash paid for interest$13,695 $14,649 Cash paid for income taxes20,334 14,693 Non-cash investing and financing activities:Treasury shares repurchase accruals$(28)$2,105 

15

NOTE 15 - OTHER INCOME AND EXPENSES

The components of other (income) expense were as followed:Three Months Ended March 31,(in thousands)20252024Interest income(1,032)(1,873)Change in fair value of contingent consideration183 (194)Other, net(469)99 Total(1,318)(1,968)

NOTE 16 - REVENUE

The Company disaggregates revenue