Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 165

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 165
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 merger and integration costs do not qualify for special accounting treatment as exit or disposal activities; however, during the year ended December 31, 2024, the Company incurred $4.1 million related to certain employee compensation that qualifies as exit or disposal activities. During the year ended December 31, 2022, the Company incurred $0.8 million related to certain employee compensation that qualifies as exit or disposal activities.In connection with these activities, Noble has incurred various costs associated with contractual termination benefits, including severance, accelerated vesting of share-based compensation and other expenses. These termination benefits have been accounted for under ASC 712, “Compensation - Nonretirement Post-Employment Benefits” and ASC 718, “Compensation - Stock Compensation.”

Note 4 — Income (Loss) Per ShareThe following table presents the computation of basic and diluted earnings per share:Year EndedYear EndedYear EndedDecember 31, 2024December 31, 2023December 31, 2022Numerator: Net income (loss) $448,353 $481,902 $168,948 Denominator: Weighted average shares outstanding — basic148,733 138,380 85,055 Dilutive effect of share-based awards1,512 3,158 3,334 Dilutive effect of warrants1,394 3,659 8,489 Dilutive effect of compulsory purchase (1)— — 729 Weighted average shares outstanding — diluted151,639 145,197 97,607 Per share data: BasicNet income (loss)$3.01 $3.48 $1.99 DilutedNet income (loss)$2.96 $3.32 $1.73 (1)    Represents the dilutive effect on outstanding shares between when the Compulsory Purchase interest was recorded on the Closing Date and when it was derecognized in mid-November 2022.

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NOBLE CORPORATION plc AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unless otherwise indicated, dollar and share amounts in tables are in thousands) 

Only those items having a dilutive impact on our basic income per share are included in diluted income per share. The following table displays the share-based instruments that have been excluded from diluted income per share since the effect would have been anti-dilutive:Year EndedYear EndedYear EndedDecember