| Basic and Diluted Net Earnings Per Share |
Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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Net income |
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$ |
1,719 |
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$ |
532 |
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$ |
4,150 |
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$ |
506 |
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Net income attributable to noncontrolling interest |
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229 |
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128 |
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377 |
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49 |
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Net income attributable to shareholders of
Manitex International, Inc. |
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$ |
1,490 |
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$ |
404 |
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$ |
3,773 |
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$ |
457 |
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Income per share |
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Basic |
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Net income |
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$ |
0.08 |
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0.03 |
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$ |
0.20 |
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$ |
0.03 |
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Net income attributable to shareholders of
Manitex International, Inc. |
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$ |
0.07 |
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0.02 |
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$ |
0.19 |
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$ |
0.02 |
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Diluted |
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Net income |
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$ |
0.08 |
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0.03 |
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$ |
0.20 |
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$ |
0.03 |
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Net income attributable to shareholders of
Manitex International, Inc. |
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$ |
0.07 |
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0.02 |
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$ |
0.19 |
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$ |
0.02 |
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Weighted average common shares outstanding |
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Basic |
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20,368,668 |
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20,206,919 |
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20,326,794 |
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20,164,486 |
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Diluted |
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Basic |
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20,368,668 |
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20,206,919 |
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20,326,794 |
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20,164,486 |
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Dilutive effect of restricted stock units and stock options |
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24,088 |
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3,040 |
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51,405 |
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2,482 |
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Dilutive |
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20,392,756 |
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20,209,959 |
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20,378,199 |
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20,166,968 |
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The following securities were not included in the computation of diluted earnings per share as their effect would have been antidilutive:
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