Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 9

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 9
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132,978 $251,724 $255,177 Weighted average shares outstanding for basic earnings per share165,785 169,100 167,173 168,795 Dilutive effect of stock options computed using the treasury stock method and the average market price2,776 3,386 2,899 3,671 Weighted average shares outstanding for diluted earnings per share168,561 172,486 170,072 172,466 Basic earnings per share$0.77 $0.79 $1.51 $1.51 Diluted earnings per share$0.76 $0.77 $1.48 $1.48 Anti-dilutive shares not included in diluted earnings per share computation1,837 1,199 3,697 2,139 

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7. Retirement Benefits

The components of net periodic benefit cost for retirement benefit plans were as follows (in thousands): Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Pension BenefitsService cost$1,039 $1,253 $2,292 $2,720 Interest cost2,568 2,204 4,711 4,634 Expected return on assets(2,904)(2,623)(5,807)(5,067)Amortization and other202 707 366 1,643 Net periodic benefit cost$905 $1,541 $1,562 $3,930 Postretirement MedicalService cost$78 $67 $153 $167 Interest cost369 256 569 556 Amortization(136)(28)(136)(53)Net periodic benefit cost$311 $295 $586 $670 

8. Receivables and Credit Losses

Accounts receivable include trade receivables of $371 million and other receivables of $16 million as of June 27, 2025 and $348 million and $15 million of trade receivables and other receivables, respectively, as of December 27, 2024.Allowance for Credit LossesFollowing is a summary of activity for credit losses (in thousands):Three Months EndedSix Months EndedJune 27,2025June 28,2024June 27,2025June 28,