v3.26.1
Note 9 - Earnings Per Share
3 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9: Earnings Per Share

 

A reconciliation of the common share components for the basic and diluted earnings per share calculations is as follows:

 

   

Three Months Ended

 
   

February 28,

   

March 1,

 

(Shares in thousands)

 

2026

   

2025

 

Weighted-average common shares - basic

    54,731       54,998  

Equivalent shares from share-based compensations plans

    782       1,031  

Weighted-average common and common equivalent shares diluted

    55,513       56,029  

 

Basic earnings per share is calculated by dividing net income attributable to H.B. Fuller by the weighted-average number of common shares outstanding during the applicable period. Diluted earnings per share is based upon the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to share-based compensation awards. We use the treasury stock method to calculate the effect of outstanding shares, which computes total employee proceeds as the sum of (a) the amount the employee must pay upon exercise of the award and (b) the amount of unearned share-based compensation costs attributed to future services. Share-based compensation awards for which total employee proceeds exceed the average market price over the applicable period have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share.

 

Share-based compensation awards of 2,908,350 and 2,140,479 shares for the three months ended February 28, 2026 and March 1, 2025, respectively, were excluded from diluted earnings per share calculations because they were antidilutive.