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Net Income Attributable to IPG Photonics Corporation Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Diluted Net Income Per Share

The following table sets forth the computation of diluted net income attributable to IPG Photonics Corporation per common share following the treasury stock method:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Net income attributable to IPG Photonics Corporation common stockholders			$	76,264					$	75,402					$	202,804					$	213,329
Basic weighted average common shares			51,628,701						53,387,175						51,449,367						53,500,507
Dilutive effect of common stock equivalents			108,289						446,577						176,565						552,836
Diluted weighted average common shares			51,736,990						53,833,752						51,625,932						54,053,343
Basic net income attributable to IPG Photonics Corporation per common share			$	1.48					$	1.41					$	3.94					$	3.99
Diluted net income attributable to IPG Photonics Corporation per common share			$	1.47					$	1.40					$	3.93					$	3.95

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted average anti-dilutive shares outstanding for the three and nine months ended September 30, 2022 and 2021 were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Non-qualified stock options			672,539						225,684						604,394						202,077
Restricted stock units			373,646						128,402						340,924						100,066
Performance stock units			91,920						30,142						78,999						24,732
Total weighed average anti-dilutive shares outstanding			1,138,105						384,228						1,024,317						326,875

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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