| Earnings per share |
The following table reflects the calculation of basic and diluted earnings per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended
June 30, | | Six Months Ended
June 30, | | (in thousands, except per share amounts) | | 2025 | | 2024 | | 2025 | | 2024 | | Earnings per share – basic: | | | | | | | | | | Net income | | $ | 22,422 | | | $ | 20,497 | | | $ | 36,469 | | | $ | 31,327 | | | Net income attributable to non-controlling interest | | (37) | | | (38) | | | (72) | | | (65) | | | Net income attributable to Deluxe | | 22,385 | | | 20,459 | | | 36,397 | | | 31,262 | | | Income allocated to participating securities | | — | | | (5) | | | (3) | | | (14) | | | Income attributable to Deluxe available to common shareholders | | $ | 22,385 | | | $ | 20,454 | | | $ | 36,394 | | | $ | 31,248 | | | Weighted-average shares outstanding | | 44,842 | | | 44,162 | | | 44,690 | | | 44,039 | | | Earnings per share – basic | | $ | 0.50 | | | $ | 0.46 | | | $ | 0.81 | | | $ | 0.71 | | | | | | | | | | | | Earnings per share – diluted: | | | | | | | | | | Net income | | $ | 22,422 | | | $ | 20,497 | | | $ | 36,469 | | | $ | 31,327 | | | Net income attributable to non-controlling interest | | (37) | | | (38) | | | (72) | | | (65) | | | Net income attributable to Deluxe | | 22,385 | | | 20,459 | | | 36,397 | | | 31,262 | | | Income allocated to participating securities | | — | | | — | | | (3) | | | (11) | | Re-measurement of share-based awards classified as liabilities | | — | | | — | | | (65) | | | (37) | | | Income attributable to Deluxe available to common shareholders | | $ | 22,385 | | | $ | 20,459 | | | $ | 36,329 | | | $ | 31,214 | | | Weighted-average shares outstanding | | 44,842 | | | 44,162 | | | 44,690 | | | 44,039 | | | Dilutive impact of potential common shares | | 365 | | | 524 | | | 547 | | | 547 | | Weighted-average shares and potential common shares outstanding | | 45,207 | | | 44,686 | | | 45,237 | | | 44,586 | | | Earnings per share – diluted | | $ | 0.50 | | | $ | 0.46 | | | $ | 0.80 | | | $ | 0.70 | | | Antidilutive potential common shares excluded from calculation | | 2,017 | | | 1,295 | | | 2,017 | | | 1,295 | |
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