Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 51

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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 market prices. The fair value of our Term Loan B agreement was measured using unadjusted quoted market prices for similar debt securities in active markets.

5.    Stockholders’ Equity       Share RepurchasesIn August 2017, our Board of Directors (“Board”) approved a share repurchase program authorizing us to repurchase up to $1.0 billion of our common stock, subject to certain limitations governed by our debt agreements. In July 2021, our Board approved a term extension of our share repurchase program to September 30, 2025. As of December 31, 2024, we had approximately $510.8 million of additional share repurchase authorizations remaining under our share repurchase program. For the three months ended December 31, 2024 and 2023, we repurchased 0.8 million shares and 1.9 million shares of our common stock at a total cost of $10.0 million and $20.0 million, respectively, excluding the impact of excise taxes.       Accumulated Other Comprehensive LossThe change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands):

        Foreign Currency Translation Adjustments

        Interest Rate Swap

        Foreign Exchange Contracts

        Total

        Balance at September 30, 2024
         
        $
        (112,409
        )
         
        $
        (431
        )
         
        $
        (329
        )
         
        $
        (113,169
        )

        Other comprehensive income (loss) before     reclassification, net of tax

        (26,615
        )

        1,527

        1,344

        (23,744
        )

        Reclassification to net earnings, net of tax

        —

        (376
        )

        139

        (237
        )

        Balance at December 31, 2024
         
        $
        (139,024
        )
         
        $
        720

        $
        1,154

        $
        (137,150
        )

      The tax impacts for the changes in other comprehensive income (loss) and the reclassifications to net earnings were not material.

6.    Weighted-Average SharesThe following table sets forth the reconciliation of basic and diluted weighted-average shares (in thousands): 

        Three Months EndedDecember 31,

        2024

        2023

        Weighted-average basic shares