Gentherm Inc Earnings Per Share Disclosure
Note 12 — Earnings Per Share
Basic earnings per share are computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential shares of Common Stock outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents.
The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Net income |
|
$ |
18,285 |
|
|
$ |
64,947 |
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|
$ |
40,343 |
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Basic weighted average shares of Common Stock outstanding |
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|
30,585,443 |
|
|
|
31,293,113 |
|
|
|
32,778,055 |
|
Dilutive effect of stock options, restricted stock awards and restricted stock units |
|
|
347,451 |
|
|
|
183,373 |
|
|
|
288,862 |
|
Diluted weighted average shares of Common Stock outstanding |
|
|
30,932,894 |
|
|
|
31,476,486 |
|
|
|
33,066,917 |
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|
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|
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Basic earnings per share |
|
$ |
0.60 |
|
|
$ |
2.08 |
|
|
$ |
1.23 |
|
Diluted earnings per share |
|
$ |
0.59 |
|
|
$ |
2.06 |
|
|
$ |
1.22 |
|
See Note 17, "Accounting for Stock Based Compensation," for information about the Company’s different equity incentive plans.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
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.