PATRICK INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
PATK$82.12+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Shareholders’ Equity
| ($ in thousands, except share data) | CommonStock | AdditionalPaid-in-Capital | Accumulated OtherComprehensiveIncome (Loss) | Treasury Stock | RetainedEarnings | Total |
|---|---|---|---|---|---|---|
| Balance January 1, 2021 | $180,892 | $24,387 | $(6,052) | $— | $360,214 | $559,441 |
| Net income | — | — | — | — | 224,915 | 224,915 |
| Dividends declared | — | — | — | — | (27,836) | (27,836) |
| Other comprehensive loss, net of tax | — | — | 3,824 | — | — | 3,824 |
| Stock repurchases under buyback program | (2,729) | (368) | — | (21,550) | (24,293) | (48,940) |
| Retirement of treasury stock | (2,013) | (271) | — | 21,550 | (19,266) | — |
| Issuance of shares upon exercise of common stock options | 4,950 | — | — | — | — | 4,950 |
| Issuance of shares in connection with a business combination | 10,211 | — | — | — | — | 10,211 |
| Repurchase of shares for tax payments related to the vesting and exercise of share-based grants | (17,815) | — | — | — | — | (17,815) |
| Stock-based compensation expense | 22,887 | — | — | — | — | 22,887 |
| Purchase of convertible notes hedges, net of tax of $14,556 | — | (42,887) | — | — | — | (42,887) |
| Proceeds from sale of warrants | — | 43,677 | — | — | — | 43,677 |
| Equity component of convertible note issuance, net of tax of $11,923 | — | 35,130 | — | — | — | 35,130 |
| Balance December 31, 2021 | $196,383 | $59,668 | $(2,228) | $— | $513,734 | $767,557 |
| Impact of adoption of ASU 2020-06 | — | (59,668) | — | — | 15,975 | (43,693) |
| Net income | — | — | — | — | 328,196 | 328,196 |
| Dividends declared | — | — | — | — | (33,160) | (33,160) |
| Other comprehensive income, net of tax | — | — | 1,533 | — | — | 1,533 |
| Share repurchases under buyback program | (11,099) | — | — | — | (65,884) | (76,983) |
| Issuance of shares upon exercise of common stock options | 195 | — | — | — | — | 195 |
| Repurchase of shares for tax payments related to the vesting and exercise of share-based grants | (10,227) | — | — | — | — | (10,227) |
| Stock-based compensation expense | 21,751 | — | — | — | — | 21,751 |
| Balance December 31, 2022 | $197,003 | $— | $(695) | $— | $758,861 | $955,169 |
| Net income | — | — | — | — | 142,897 | 142,897 |
| Dividends declared | — | — | — | — | (42,327) | (42,327) |
| Other comprehensive income, net of tax | — | — | (304) | — | — | (304) |
| Share repurchases under buyback program | (2,455) | — | — | — | (16,353) | (18,808) |
| Issuance of shares upon exercise of common stock options | 1,413 | — | — | — | — | 1,413 |
| Repurchase of shares for tax payments related to the vesting and exercise of share-based grants | (12,132) | — | — | — | — | (12,132) |
| Stock-based compensation expense | 19,429 | — | — | — | — | 19,429 |
| Balance December 31, 2023 | $203,258 | $— | $(999) | $— | $843,078 | $1,045,337 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.