Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 122

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 122
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296 Net income attributable to non-controlling interest(37)(38)(109)(103)Net income attributable to Deluxe33,729 8,931 70,126 40,193 Acquisition amortization10,581 13,475 33,795 42,251 Accelerated amortization— 6,851 — 16,740 Restructuring and integration expense2,934 11,265 15,590 37,031 Share-based compensation expense5,960 4,842 17,591 14,972 Certain legal and environmental expense (benefit)38 (350)550 (50)Asset impairment charge— 6,700 — 6,700 Gain on sale of businesses and long-lived assets— (5,208)— (29,190)Adjustments, pretax19,513 37,575 67,526 88,454 Income tax provision impact of pretax adjustments(1)(3,636)(9,001)(14,544)(18,845)Adjustments, net of tax15,877 28,574 52,982 69,609 Adjusted net income attributable to Deluxe49,606 37,505 123,108 109,802 Income allocated to participating securities— (8)— (8)Re-measurement of share-based awards classified as liabilities— (8)(69)(47)Adjusted income attributable to Deluxe available to common shareholders$49,606 $37,489 $123,039 $109,747 Adjusted weighted average shares and potential common shares outstanding(2)45,596 44,806 45,357 44,667 GAAP diluted EPS$0.74 $0.20 $1.54 $0.90 Adjustments, net of tax0.35 0.64 1.17 1.56 Adjusted diluted EPS$1.09 $0.84 $2.71 $2.46 

(1) The tax effect of the pretax adjustments takes into account the tax treatment and related tax rate(s) applicable to each adjustment in the relevant tax jurisdiction(s). Generally, this results in a tax impact that approximates the U.S. effective tax rate for each adjustment. However, the tax impact of certain adjustments, such as share-based compensation expense and gains on sales of businesses, depends on whether the amounts are deductible in