DIODES INC /DEL/ Earnings Per Share Disclosure
Note 2 – Earnings per Share
Basic earnings per share is calculated by dividing net earnings attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. Earnings per share are computed using the “treasury stock method.”
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Twelve Months Ended December 31, |
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2025 |
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2024 |
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2023 |
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Earnings (numerator) |
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Net income attributable to common stockholders |
$ |
66,141 |
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$ |
44,024 |
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$ |
227,182 |
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Shares (denominator) |
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Weighted average common shares outstanding (basic) |
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46,340 |
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46,208 |
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45,803 |
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Dilutive effect of stock options and stock awards outstanding |
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74 |
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200 |
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508 |
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Adjusted weighted average common shares outstanding (diluted) |
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46,414 |
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46,408 |
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46,311 |
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Earnings per share attributable to common stockholders |
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Basic |
$ |
1.43 |
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$ |
0.95 |
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$ |
4.96 |
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Diluted |
$ |
1.43 |
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$ |
0.95 |
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$ |
4.91 |
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Stock options and stock awards excluded from EPS |
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571 |
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233 |
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138 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 10, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 9, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 12, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.