Company: DLX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000027996-25-000163
Chunk: 17

Company: DELUXE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 17
---
CONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 4: EARNINGS PER SHAREThe following table reflects the calculation of basic and diluted earnings per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive. Quarter EndedJune 30,Six Months EndedJune 30,(in thousands, except per share amounts)2025202420252024Earnings per share – basic:  Net income$22,422 $20,497 $36,469 $31,327 Net income attributable to non-controlling interest(37)(38)(72)(65)Net income attributable to Deluxe22,385 20,459 36,397 31,262 Income allocated to participating securities— (5)(3)(14)Income attributable to Deluxe available to common shareholders$22,385 $20,454 $36,394 $31,248 Weighted-average shares outstanding44,842 44,162 44,690 44,039 Earnings per share – basic$0.50 $0.46 $0.81 $0.71 Earnings per share – diluted:Net income$22,422 $20,497 $36,469 $31,327 Net income attributable to non-controlling interest(37)(38)(72)(65)Net income attributable to Deluxe22,385 20,459 36,397 31,262 Income allocated to participating securities— — (3)(11)Re-measurement of share-based awards classified as liabilities— — (65)(37)Income attributable to Deluxe available to common shareholders$22,385 $20,459 $36,329 $31,214 Weighted-average shares outstanding44,842 44,162 44,690 44,039 Dilutive impact of potential common shares365 524 547 547 Weighted-average shares and potential common shares outstanding45,207 44,686 45,237 44,586 Earnings per share – diluted$0.50 $0.46 $0.80 $0.70 Antidilutive potential common shares excluded from calculation2,017 1,295 2,017 1,295