Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 34

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7A
Chunk 34
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, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to$85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months.The following table represents total number of shares purchased, the amount paid, and the average price paid per share under share repurchase programs authorized by our Board of Directors: Twelve Months Ended December 31, 202420232022(in millions, except per share data)Total number of shares purchased0.6 1.7 1.3 Amount paid$28.8 $54.7 $35.2 Average price paid per share$50.87 $32.06 $28.17 

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 NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION

 Twelve Months Ended December 31, 202420232022Supplemental disclosures of cash flow information:Cash paid for interest(1)$67,005 $48,954 $25,321 Cash paid for income taxes$20,433 $21,839 $26,179 Shares repurchased held in treasury$— $— $13,603 Non-cash investing and financing activities:Treasury shares excise tax accruals$(225)$(519)$— Shares issued for acquisition$— $— $5,757 (1) FY 2024 includes $9.3 million of interest associated with 2023 paid in 2024.

NOTE 16 - BUSINESS ACQUISITIONS

The Company continually evaluates potential acquisitions that either strategically fit with the Company’s existing portfolio or expand the Company’s portfolio into new and attractive markets. The Company has completed a number of acquisitions and the purchases of the acquired businesses have resulted in the recognition of goodwill and other intangible assets in the Company’s Consolidated Financial Statements.The Company makes an initial allocation of the purchase price at the date of acquisition based upon its estimate of the fair value of the acquired assets and assumed liabilities. The Company obtains the information used for the purchase price allocation during due diligence and through other sources. The Company will reflect measurement period adjustments, if any, in the period in which the adjustments are recognized. Final determination of the fair values may result in further adjustments.The fair values of acquired intangibles are determined based on estimates and assumptions that are deemed reasonable by the Company. The Company from time-to-time engages third-party valuation specialists who review