Earnings (loss) per share (Tables)

9 Months Ended

Sep. 30, 2024

The following table reflects the calculation of basic and diluted earnings (loss) per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings (loss) per share because their effect would have been antidilutive.


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2024		2023		2024		2023
Earnings (loss) per share – basic:
Net income (loss)	$	8,969	$	(7,957)	$	40,296	$	11,224
Net income attributable to non-controlling interest	(38)		(26)		(103)		(80)
Net income (loss) attributable to Deluxe	8,931		(7,983)		40,193		11,144
Income allocated to participating securities	(3)		(9)		(15)		(29)
Income (loss) attributable to Deluxe available to common shareholders	$	8,928	$	(7,992)	$	40,178	$	11,115
Weighted-average shares outstanding	44,250		43,663		44,106		43,498
Earnings (loss) per share – basic	$	0.20	$	(0.18)	$	0.91	$	0.26

Earnings (loss) per share – diluted:
Net income (loss)	$	8,969	$	(7,957)	$	40,296	$	11,224
Net income attributable to non-controlling interest	(38)		(26)		(103)		(80)
Net income (loss) attributable to Deluxe	8,931		(7,983)		40,193		11,144
Income allocated to participating securities	(3)		(9)		(12)		(29)
Re-measurement of share-based awards classified as liabilities	(7)		—		(45)		—
Income (loss) attributable to Deluxe available to common shareholders	$	8,921	$	(7,992)	$	40,136	$	11,115
Weighted-average shares outstanding	44,250		43,663		44,106		43,498
Dilutive impact of potential common shares	556		—		550		273
Weighted-average shares and potential common shares outstanding	44,806		43,663		44,656		43,771
Earnings (loss) per share – diluted	$	0.20	$	(0.18)	$	0.90	$	0.25
Antidilutive potential common shares excluded from calculation	1,205		1,450		1,205		1,450