Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 9

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 9
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 goodwill was not impaired.

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(j) Earnings Per Share

Basic earnings per share is computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options, vesting of restricted stock units and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period.

The following table sets forth the calculation of basic and diluted earnings per share:

|                                                                              | (in thousands, except per share data) | Year Ended   
 December 31, |   2024 |     |   |   2023 |     |   |   2022 |
|:-----------------------------------------------------------------------------|:--------------------------------------|:-------------|-------:|:----|:--|-------:|:----|:--|-------:|
| Net income                                                                   |                                       | $            | 63,327 |     | $ | 64,315 |     | $ | 68,229 |
| Denominator for basic earnings per share                                     |                                       |              | 35,970 |     |   | 35,566 |     |   | 35,179 |
| Incremental common shares attributable to outstanding restricted stock units |                                       |              |    786 |     |   |    403 |     |   |    522 |
| Incremental common shares attributable to exercise of dilutive options       |                                       |              |      3 |     |   |      4 |     |   |     17 |
| Denominator for diluted earnings per share                                   |                                       |              | 36,759 |     |   | 35,973 |     |   | 35,718 |
| Earnings per share:                                                          |                                       |              |        |     |   |        |     |   |        |
| Basic                                                                        |                                       | $            |   1.76 |     | $ |   1.81 |     | $ |   1.94 |
| Diluted                                                                      |                                       | $            |   1.72 |     | $ |   1.79 |     | $ |   1.91 |