TruBridge, Inc.TBRG

TruBridge, Inc. Earnings Per Share Disclosure

10-KFiled Mar 17, 20252 min read
NET INCOME PER SHARE
The Company presents basic and diluted earnings per share ("EPS") data for its common stock. Basic EPS is calculated by dividing the net income (loss) attributable to stockholders of the Company by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is determined by adjusting the net income attributable to stockholders of the Company and the weighted average number of shares of common stock outstanding during the period for the effects of all dilutive potential common shares, including awards under stock-based compensation arrangements.
The Company's unvested restricted stock awards (see Note 9 - Stock-Based Compensation and Equity) are considered participating securities under ASC 260, Earnings Per Share, because they entitle holders to non-forfeitable rights to dividends until the awards vest or are forfeited. When a company has a security that qualifies as a "participating security," the Codification requires the use of the two-class method when computing basic EPS. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. In determining the amount of net income to allocate to common stockholders, income is allocated to both common stock and participating securities based on their respective weighted average shares outstanding for the period, with net income attributable to common stockholders ultimately equaling net income less net income attributable to participating securities. Diluted EPS for the Company's common stock is computed using the more dilutive of the two-class method or the treasury stock method.
The following is a calculation of the basic and diluted EPS for the Company's common stock, including a reconciliation between net income and net income attributable to common stockholders for the years ended December 31, 2024, 2023, and 2022:
(In thousands, except for per share data)202420232022
Basic EPS
Numerator
Net income (loss)
$(20,439)$(48,434)$15,867 
Less: Net income (loss) attributable to participating securities
766 1,089 (311)
Net income (loss) attributable to common stockholders
$(19,673)$(47,345)$15,556 
Denominator
Weighted average shares outstanding used in basic per common share computations14,300 14,187 14,356 
Basic EPS$(1.38)$(3.34)$1.08 
Diluted EPS
Numerator
Net income (loss) attributable to common stockholders for diluted EPS
$(19,673)$(47,345)$15,556 
Denominator
Weighted average shares outstanding used in basic per common share computations14,300 14,187 14,356 
Weighted average effect of dilutive securities:
Performance share awards— — — 
Weighted average shares outstanding used in diluted per common share computations14,300 14,187 14,356 
Diluted EPS$(1.38)$(3.34)$1.08 
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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 Standards