LITTELFUSE INC /DELFUS

LITTELFUSE INC /DE Earnings Per Share Disclosure

10-KFiled Feb 19, 20262 min read
(Loss) Earnings Per Share
 
The following table sets forth the computation of basic and diluted (loss) earnings per share:
 
(in thousands, except per share amounts)
202520242023
Numerator:   
Net (loss) income as reported$(71,700)$100,190 $259,485 
Denominator:
Weighted average shares outstanding
Basic24,817 24,821 24,854 
Effect of dilutive securities— 218 248 
Diluted24,817 25,039 25,102 
(Loss) Earnings Per Share:
Basic (loss) earnings per share$(2.89)$4.04 $10.44 
Diluted (loss) earnings per share$(2.89)$4.00 $10.34 
 
Potential shares of common stock attributable to stock options and restricted shares excluded from the earnings per share calculation because their effect would be anti-dilutive based on their strike price or the vesting condition was not met, were 204,189, 139,839, and 110,002 shares in 2025, 2024, and 2023, respectively.

In addition, potential common shares of 205,571 for fiscal year 2025 were excluded from the computation of diluted loss per share, because the effect would have been antidilutive as a result of the Company incurring a net loss in 2025.
During the fiscal year of 2025, the Company repurchased 120,689 shares of its common stock totaling $27.4 million pursuant to the 2024 program. There are $270.6 million of an authorized amount not yet purchased under the 2024 program as of December 27, 2025. During the fiscal year of 2024, the Company repurchased 179,311 shares of its common stock totaling $40.9 million, of which, $38.9 million was pursuant to the 2021 program and $2.0 million was pursuant to the 2024 program. During the fiscal year of 2023, the Company did not repurchase any shares of its common stock.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Mar 13, 2025
2023Feb 16, 2024
2022Feb 16, 2023
2020Feb 18, 2021
2019Feb 21, 2020
2018Feb 22, 2019
2017Feb 23, 2018
2016Feb 27, 2017

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.

Other Available Disclosures

Income TaxesFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew StandardsPay vs Performance