Schedule of Earnings Per Share from Continuing Operations |
The Company allocates earnings to participating securities and computed earnings per share using the two-class method as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 4, 2025 | | June 28, 2024 | | July 4, 2025 | | June 28, 2024 | | (In thousands, except share and per share data) | Computation of earnings per share from continuing operations – basic: | | | | | | | | Income from continuing operations attributable to ESAB Corporation(1) | $ | 68,591 | | | $ | 84,068 | | | $ | 138,686 | | | $ | 145,328 | | Distributed and undistributed earnings allocated to nonvested shares | (166) | | | (382) | | | (415) | | | (747) | | | | | | | | | | Income from continuing operations attributable to common stockholders | $ | 68,425 | | | $ | 83,686 | | | $ | 138,271 | | | $ | 144,581 | | Weighted-average shares of Common stock outstanding – basic | 60,739,891 | | | 60,432,230 | | | 60,651,238 | | | 60,389,176 | | Income per share from continuing operations – basic | $ | 1.13 | | | $ | 1.38 | | | $ | 2.28 | | | $ | 2.39 | | | | | | | | | | Computation of earnings per share from continuing operations – diluted: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Income from continuing operations attributable to common stockholders | $ | 68,425 | | | $ | 83,686 | | | $ | 138,271 | | | $ | 144,581 | | Weighted-average shares of Common stock outstanding – basic | 60,739,891 | | | 60,432,230 | | | 60,651,238 | | | 60,389,176 | | Net effect of potentially dilutive securities(2) | 572,853 | | | 646,226 | | | 645,694 | | | 644,031 | | Weighted-average shares of Common stock outstanding – dilution | 61,312,744 | | | 61,078,456 | | | 61,296,932 | | | 61,033,207 | | Net income per share from continuing operations – diluted | $ | 1.12 | | | $ | 1.37 | | | $ | 2.26 | | | $ | 2.37 | |
(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $1.2 million and $3.7 million for the three and six months ended July 4, 2025, respectively, and $1.5 million and $3.1 million for the three and six months ended June 28, 2024, respectively. (2) Potentially dilutive securities include stock options, performance-based restricted stock units and non-performance-based restricted stock units.
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