Earnings per share (Tables)

3 Months Ended

Mar. 31, 2025

The following table reflects the calculation of basic and diluted earnings per share. During each period, certain share-based awards, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.


	Quarter Ended March 31,
(in thousands, except per share amounts)	2025		2024
Earnings per share – basic:
Net income	$	14,048	$	10,830
Net income attributable to non-controlling interest	(35)		(27)
Net income attributable to Deluxe	14,013		10,803
Income allocated to participating securities	(3)		(9)
Income attributable to Deluxe available to common shareholders	$	14,010	$	10,794
Weighted-average shares outstanding	44,551		43,917
Earnings per share – basic	$	0.31	$	0.25

Earnings per share – diluted:
Net income	$	14,048	$	10,830
Net income attributable to non-controlling interest	(35)		(27)
Net income attributable to Deluxe	14,013		10,803
Income allocated to participating securities	(3)		(9)
Re-measurement of share-based awards classified as liabilities	(66)		(37)
Income attributable to Deluxe available to common shareholders	$	13,944	$	10,757
Weighted-average shares outstanding	44,551		43,917
Dilutive impact of potential common shares	729		570
Weighted-average shares and potential common shares outstanding	45,280		44,487
Earnings per share – diluted	$	0.31	$	0.24
Antidilutive potential common shares excluded from calculation	1,197		1,350

DELUXE CORP 10-Q