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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

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 table summarizes our earnings per share:

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2023			2022
Income from continuing operations	​	$	31,752	​	$	36,862
Less: income from continuing operations attributable to noncontrolling interest	​		—	​		(14)
Income from continuing operations attributable to Advanced Energy Industries, Inc.	​	$	31,752	​	$	36,876
​	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​		37,475	​		37,549
Assumed exercise of dilutive stock options and restricted stock units	​		282	​		221
Diluted weighted-average common shares outstanding	​		37,757	​		37,770
​	​	​	​	​	​	​
Continuing operations:	​			​
Basic earnings per share	​	$	0.85	​	$	0.98
Diluted earnings per share	​	$	0.84	​	$	0.98

​

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)		2023			2022
Amount paid or accrued to repurchase shares	​	$	—	​	$	6,594
Number of shares repurchased	​		—	​		82
Average repurchase price per share	​	$	—	​	$	80.02

​

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

At March 31, 2023, the remaining amount authorized by the Board of Directors for future share repurchases was $199.3 million with no time limitation.

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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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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