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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 5.    EARNINGS PER SHARE

We compute basic earnings per share ("EPS") by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The diluted EPS computation is similar to basic EPS except we increase the denominator to include the number of additional common shares that would have been outstanding (using the if-converted and treasury stock methods), if our outstanding stock options and restricted stock units had been converted to common shares (when such conversion is dilutive).

The following is a reconciliation of the weighted-average shares outstanding used in the calculation of basic and diluted earnings per share:

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended March 31,					​
​		2022			2021		​
Income from continuing operations	​	$	36,862	​	$	38,391	​
Less: income (loss) from continuing operations attributable to noncontrolling interest	​		(14)	​		33	​
Income from continuing operations attributable to Advanced Energy Industries, Inc.	​	$	36,876	​	$	38,358	​
​	​	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​		37,549	​		38,328	​
Assumed exercise of dilutive stock options and restricted stock units	​		221	​		255	​
Diluted weighted-average common shares outstanding	​		37,770	​		38,583	​
​	​	​	​	​	​	​	​
Continuing operations:	​			​			​
Basic earnings per share	​	$	0.98	​	$	1.00	​
Diluted earnings per share	​	$	0.98	​	$	0.99	​

​

Share Repurchase

To execute the repurchase of shares of our common stock, we periodically enter into stock repurchase agreements. The following table summarizes these repurchases:

​

​	​	​	​	​	​	​	​	​
​	​	Three Months Ended March 31,					​	​
(in thousands, except per share amounts)		2022			2021			​
Amount paid to repurchase shares	​	$	6,594	​	$	—	​	​
Number of shares repurchased	​		82	​		—	​	​
Average repurchase price per share	​	$	80.02	​	$	—	​	​
Remaining authorized by Board of Directors for future repurchases as of period end	​	$	121,783	​	$	38,369	​	​

​

There were no shares repurchased from related parties. Repurchased shares were retired and assumed the status of authorized and unissued shares.

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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