Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 105

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 valuation allowance on certain U.S. and foreign deferred tax assets.  Such valuation allowances are released as the related tax benefits are realized or when sufficient evidence exists to conclude that it is more likely than not that the deferred tax assets will be realized.Unrecognized tax benefits represent reserves for potential tax deficiencies or reductions in tax benefits that could result from federal, state or foreign tax audits.  Gross unrecognized tax benefits were $36.4 million and $36.3 million as of March 31, 2025 and December 31, 2024, respectively.  As of March 31, 2025, $32.7 million of our unrecognized tax benefits would reduce our effective tax rate if recognized.  Our unrecognized tax benefits are subject to change for effective settlement of examinations, changes in the recognition threshold of tax positions, the expiration of statutes of limitations and other factors.  

We have tax returns that are open to examination in various jurisdictions for tax years 2013-2024.  The open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations related to the amount and/or timing of income, deductions and tax credits.  There can be no assurance that the outcome of examinations will be favorable.  In certain circumstances where we elect to appeal the results of an examination, we may be required to make tax assessment payments to proceed with the administrative appeal process.  

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Table of ContentsAMKOR TECHNOLOGY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)(Unaudited)

5.    Earnings Per Share 

Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amkor common stockholders by the weighted-average number of common shares outstanding during the period.  The weighted-average number of common shares outstanding is reduced for treasury stock.Diluted EPS is computed based on the weighted-average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period.  Dilutive potential common shares include outstanding stock options, performance-vested restricted stock units (“PSUs”) and time-vested restricted stock units (“RSUs”). The following table summarizes the computation of basic and diluted EPS:For the Three Months Ended March 31, 20252024 (In thousands, except per share data)Net income attributable to Amkor common stockholders$21,128 $58,897 Weighted-average number of common shares outstanding - basic246,854 246,008 Effect of