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STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

Summary of the components of and changes in accumulated other comprehensive income (loss), net of income taxes

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​

​

​

​

​

​

​

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​

​

​

​

​

​

​

Foreign Currency Translation

​

Change in Fair Value of Cash Flow Hedges

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Minimum Pension Benefit Retirement Liability

​

Total

Balance at December 31, 2020

​

$

9,982

​

$

(2,139)

​

$

(10,448)

​

$

(2,605)

Other comprehensive income prior to reclassifications

​

​

(12,262)

​

​

3,116

​

​

8,585

​

​

(561)

Amounts reclassified from accumulated other comprehensive income

​

​

-

​

​

1,130

​

​

820

​

​

1,950

Balance at December 31, 2021

​

​

(2,280)

​

​

2,107

​

​

(1,043)

​

​

(1,216)

Other comprehensive income prior to reclassifications

​

​

(10,543)

​

​

12,625

​

​

18,016

​

​

20,098

Amounts reclassified from accumulated other comprehensive income

​

​

-

​

​

(2,884)

​

​

322

​

​

(2,562)

Balance at December 31, 2022

​

​

(12,823)

​

​

11,848

​

​

17,295

​

​

16,320

Other comprehensive income prior to reclassifications

​

​

2,027

​

​

4,502

​

​

(5,455)

​

​

1,074

Amounts reclassified from accumulated other comprehensive income

​

​

-

​

​

(10,876)

​

​

(404)

​

​

(11,280)

Balance at December 31, 2023

​

$

(10,796)

​

$

5,474

​

$

11,436

​

$

6,114

Schedule of amounts reclassified from accumulated other comprehensive income (loss) to the specific caption within the Consolidated Statements of Operations

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,								​	To Caption on
​		2023			2022			2021			Consolidated Statements of Operations
Change in fair value of cash flow hedges	​	$	(10,876)	​	$	(2,884)	​	$	1,130	​	Interest expense
Minimum pension benefit retirement liability	​		(404)	​		322	​		820	​	Other income (expense), net
Total reclassifications	​	$	(11,280)	​	$	(2,562)	​	$	1,950	​	​

Reconciliation of weighted-average shares outstanding used in calculation of basic and diluted EPS

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​	​	​	​	​	​	​	​	​	​	​
​	​	​	Years Ended December 31,
​			2023			2022			2021
Income from continuing operations	​	​	$	130,749	​	$	201,891	​	$	134,707
Less: income from continuing operations attributable to noncontrolling interest	​	​		—	​		16	​		44
Income from continuing operations attributable to Advanced Energy Industries, Inc.	​	​	$	130,749	​	$	201,875	​	$	134,663
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​		37,480	​		37,463	​		38,143
Dilutive effect of stock awards	​	​		270	​		258	​		212
Diluted weighted-average common shares outstanding	​	​		37,750	​		37,721	​		38,355
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
EPS from continuing operations	​	​			​			​
Basic EPS	​	​	$	3.49	​	$	5.39	​	$	3.53
Diluted EPS	​	​	$	3.46	​	$	5.35	​	$	3.51
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Anti-dilutive shares not included above	​	​	​	​	​	​	​	​	​	​
Stock awards	​	​	​	95	​	​	67	​	​	1
Warrants	​	​	​	3,486	​	​	—	​	​	—
Total anti-dilutive shares	​	​	​	3,581	​	​	67	​	​	1

Schedule of repurchase of shares of common stock

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​	​	​	​	​	​	​	​	​	​	​
​	​	​	Years Ended December 31,
(in thousands, except per share amounts)			2023			2022			2021
Amount paid or accrued to repurchase shares	​	​	$	40,132	​	$	26,635	​	$	78,125
Number of shares repurchased	​	​		378	​		356	​		901
Average repurchase price per share	​	​	$	105.74	​	$	74.90	​	$	86.76

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

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-Name Accounting Standards Codification
-Topic 260
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