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STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign Currency Translation

​

Change in Fair Value of Cash Flow Hedges

​

Defined Employee Benefit Plan

​

Total

​

​

(in thousands)

Balance at December 31, 2021

​

$

(2,280)

​

$

2,107

​

$

(1,043)

​

$

(1,216)

Other comprehensive income (loss) 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 (loss) 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

Other comprehensive income (loss) prior to reclassifications

​

​

(13,126)

​

​

2,244

​

​

(673)

​

​

(11,555)

Amounts reclassified from accumulated other comprehensive loss

​

​

1,585

​

​

(7,718)

​

​

(210)

​

​

(6,343)

Balance at December 31, 2024

​

$

(22,337)

​

$

—

​

$

10,553

​

$

(11,784)

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

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,								​	To Caption on Consolidated
​		2024			2023			2022			Statements of Operations
​	​	(in thousands)								​	​
Foreign currency translation	​	$	1,585	​	$	—	​	$	—	​	Other income (expense), net
Cash flow hedges	​	​	(7,718)	​	​	(10,876)	​	​	(2,884)	​	Interest expense
Defined employee benefit plan	​		(210)	​		(404)	​		322	​	Other income (expense), net
Total reclassifications	​	$	(6,343)	​	$	(11,280)	​	$	(2,562)	​	​

Summary of earnings per share

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	Years Ended December 31,
​			2024			2023			2022
​	​	​	(in thousands, except per share amounts)
Income from continuing operations	​	​	$	56,306	​	$	130,749	​	$	201,891
Less: income from continuing operations attributable to noncontrolling interest	​	​		—	​		—	​		16
Income from continuing operations attributable to Advanced Energy Industries, Inc.	​	​	$	56,306	​	$	130,749	​	$	201,875
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Basic weighted-average common shares outstanding	​	​		37,476	​		37,480	​		37,463
Dilutive effect of stock awards	​	​		363	​		270	​		258
Diluted weighted-average common shares outstanding	​	​		37,839	​		37,750	​		37,721
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
EPS from continuing operations	​	​			​			​
Basic EPS	​	​	$	1.50	​	$	3.49	​	$	5.39
Diluted EPS	​	​	$	1.49	​	$	3.46	​	$	5.35
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Anti-dilutive shares not included above	​	​	​	​	​	​	​	​	​	​
Stock awards	​	​	​	-	​	​	95	​	​	67
Warrants	​	​	​	3,046	​	​	3,486	​	​	—
Total anti-dilutive shares	​	​	​	3,046	​	​	3,581	​	​	67

Schedule of shares repurchases

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2024			2023			2022
​	​	(in thousands, except per share amounts)
Amount paid or accrued to repurchase shares	​	$	1,770	​	$	40,132	​	$	26,635
Number of shares repurchased	​		19	​		378	​		356
Average repurchase price per share	​	$	93.58	​	$	105.74	​	$	74.90

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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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