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Earnings per share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings per share |
NOTE 4: EARNINGS PER SHARE
The following table reflects the calculation of basic and diluted earnings per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.
|  | Quarter Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Earnings per share – basic: |  |  |  |  |  |  |  |
Net income |  | $ | 20,497 |  |  | $ | 16,401 |  |  | $ | 31,327 |  |  | $ | 19,181 |
Net income attributable to non-controlling interest |  | (38) |  |  | (26) |  |  | (65) |  |  | (54) |
Net income attributable to Deluxe |  | 20,459 |  |  | 16,375 |  |  | 31,262 |  |  | 19,127 |
Income allocated to participating securities |  | (5) |  |  | (12) |  |  | (14) |  |  | (19) |
Income attributable to Deluxe available to common shareholders |  | $ | 20,454 |  |  | $ | 16,363 |  |  | $ | 31,248 |  |  | $ | 19,108 |
Weighted-average shares outstanding |  | 44,162 |  |  | 43,524 |  |  | 44,039 |  |  | 43,421 |
Earnings per share – basic |  | $ | 0.46 |  |  | $ | 0.38 |  |  | $ | 0.71 |  |  | $ | 0.44 |
Earnings per share – diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 20,497 |  |  | $ | 16,401 |  |  | $ | 31,327 |  |  | $ | 19,181 |
Net income attributable to non-controlling interest |  | (38) |  |  | (26) |  |  | (65) |  |  | (54) |
Net income attributable to Deluxe |  | 20,459 |  |  | 16,375 |  |  | 31,262 |  |  | 19,127 |
Income allocated to participating securities |  | — |  |  | — |  |  | (11) |  |  | (10) |
Re-measurement of share-based awards classified as liabilities |  | — |  |  | — |  |  | (37) |  |  | (19) |
Income attributable to Deluxe available to common shareholders |  | $ | 20,459 |  |  | $ | 16,375 |  |  | $ | 31,214 |  |  | $ | 19,098 |
Weighted-average shares outstanding |  | 44,162 |  |  | 43,524 |  |  | 44,039 |  |  | 43,421 |
Dilutive impact of potential common shares |  | 524 |  |  | 216 |  |  | 547 |  |  | 279 |
Weighted-average shares and potential common shares outstanding |  | 44,686 |  |  | 43,740 |  |  | 44,586 |  |  | 43,700 |
Earnings per share – diluted |  | $ | 0.46 |  |  | $ | 0.37 |  |  | $ | 0.70 |  |  | $ | 0.44 |
Antidilutive potential common shares excluded from calculation |  | 1,295 |  |  | 1,553 |  |  | 1,295 |  |  | 1,553 |

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