Everpure, Inc.P

Everpure, Inc. Earnings Per Share Disclosure

10-KFiled Mar 25, 20262 min read
Net Income per Share Attributable to Common Stockholders
Basic and diluted net income per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income per share attributable to common stockholders is computed by dividing the net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, PRSUs, and LTP Awards, the shares underlying the conversion option in our Notes (prior to the Notes being repaid in April 2023) to the extent dilutive, and common stock issuable pursuant to the ESPP. We used the if-converted method to calculate the impact of our Notes, prior to the Notes being repaid, on diluted EPS.
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share data):
 Fiscal Year Ended
 202420252026
Numerator:
Net income attributable to common stockholders, basic
$61,311 $106,739 $188,181 
Add: Interest charges related to our Notes630 — — 
Net income attributable to common stockholders, diluted
$61,941 $106,739 $188,181 
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic
311,831 325,774 328,540 
Add: Dilutive effect of common stock equivalents20,737 16,930 14,452 
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted
332,568 342,704 342,992 
Net income per share attributable to common stockholders, basic
$0.20 $0.33 $0.57 
Net income per share attributable to common stockholders, diluted
$0.19 $0.31 $0.55 
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):
 Fiscal Year Ended
 202420252026
Unvested RSUs and PRSUs1,038 514 332 

Historical Timeline

Fiscal YearFiled
2026Mar 25, 2026Showing above
2025Mar 27, 2025

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.

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