Company: KELYB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000055135-25-000007
Chunk: 41

Company: KELLY SERVICES INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 41
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 2022 was recorded in the other income (expense), net line item in the consolidated statements of earnings related to other activities and $1.4 million in 2022 was recorded in loss on disposal line item in the consolidated statements of earnings related to the liquidation of the cumulative translation adjustment for the sale of our Russia operations (see Acquisitions and Dispositions footnote for more details).  All amounts in prior years were recorded in other income (expense), net in the consolidated statements of earnings.(3)Amount was recorded in SG&A expenses in the consolidated statements of earnings.

15. Earnings (Loss) Per ShareThe reconciliation of basic earnings (loss) per share on common stock for 2024, 2023 and 2022 follows (in millions of dollars except per share data): 202420232022Net earnings (loss)$(0.6)$36.4 $(62.5)Less: Earnings allocated to participating securities— (0.7)— Net earnings (loss) available to common shareholders$(0.6)$35.7 $(62.5)Average common shares outstanding (millions):Basic35.5 35.9 38.1 Dilutive share awards— 0.4 — Diluted35.5 36.3 38.1 Basic earnings (loss) per share$(0.02)$0.99 $(1.64)Diluted earnings (loss) per share$(0.02)$0.98 $(1.64)Due to our net loss in 2024, potentially dilutive shares outstanding, primarily related to deferred common stock associated with the non-employee directors deferred compensation plan and performance shares, of 0.4 million shares in 2024, had an anti-dilutive effect on diluted earnings per share and were excluded from the computation.  Potentially dilutive shares outstanding for 2023 are primarily related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares (see Stock-Based Compensation footnote for a description of performance shares).  Due to our net loss in 2022, potentially dilutive shares outstanding, primarily related to deferred common stock associated with the non-employee directors deferred compensation plan, of 0.2 million shares in 2022, had an anti-dilutive effect on diluted earnings per share and were excluded from the computation.We have presented earnings per share for our two classes of common stock on a combined basis.