Interface Inc. 2025年季度报告

TABLE OF CONTENTS PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Consolidated Condensed Balance Sheets –March30, 2025and December29, 2024 SIGNATURE (in thousands, except per share data) (in thousands) INTERFACE, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS NOTE 1 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation References in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer toInterface, Inc. and its subsidiaries or any of them, unless the context requires otherwise. As contemplated by the Securities and Exchange Commission (the “Commission”) instructions to Form 10-Q, the followingfootnotes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. The financial information included in this report has been prepared by the Company. In the opinion of management, the financialinformation included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. Allsuch adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods are The three-month periods ended March30, 2025 and March31, 2024 both include 13 weeks. Risks and Uncertainties Global economic challenges including but not limited to the potential impacts of government-imposed tariffs and retaliatorytariffs, inflation, supply chain disruptions, the Russia-Ukraine war and the conflicts in the Middle East, and slow market conditions incertain parts of the globe could cause economic uncertainty and volatility. The Company considered these impacts and subsequentgeneral uncertainties and volatility in the global economy on the assumptions and estimates used herein. These uncertainties could Reclassifications Certain reclassifications to prior year information have been made in the consolidated condensed statements of cash flows toconform to the current period presentation. The previously reported line item “deferred income taxes and other” was separated into Recently Issued Accounting Pronouncements–Not Yet Adopted In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03,“Income Statement Reporting - Comprehensive Income - Expense Disaggregation (Topic 220-40)”.This ASU requires public entitiesto provide additional footnote disclosures to disaggregate the cost and expense line items presented in the income statement intospecific categories including (a) purchases of inventory; (b) employee compensation; (c) depreciation; and (d) intangible assetamortization. The ASU also requires qualitative disclosure of other relevant expense categories not separately disclosed, the total In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740):Improvements to Income Tax Disclosures.”ThisASU requires public entities on an annual basis to disclose a rate reconciliation with explicit categories, as outlined in the ASU, andrequires additional disclosures for reconciling items that meet certain quantitative thresholds. Other disclosures include disaggregationof income taxes paid, pre-tax income, and income tax expense. The new guidance is effective for fiscal years beginning after Table of Contents NOTE 2 –REVENUE RECOGNITION The Company generates revenue from sales of modular carpet, resilient flooring, rubber flooring, and other flooring-relatedmaterial, and from the installation of carpet and other flooring-related material. A summary of these revenue streams, as a percentage Disaggregation of Revenue For the three months ended March30, 2025 and March31, 2024, revenue from the Company’s customers is broken down bygeography as follows: Revenue from the Company’s customers in the Americas corresponds to the AMS reportable segment, and the EAAA reportablesegment includes revenue from the Europe and Asia-Pacific geographies. See Note 10 entitled “Segment Information” for additionalinformation. NOTE 3 –INVENTORIES Inventories are summarized as follows: NOTE 4 –EARNINGS PER SHARE The Company computes basic earnings per share (“EPS”) by dividing net income by the weighted average common sharesoutstanding, including participating securities outstanding, during the period as discussed below.Diluted EPS reflects the potentialdilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted The Company includes all unvested stock awards that contain non-forfeitable rights to dividends or dividend equivalents, whetherpaid or unpaid, in the number of shares outstanding for basic EPS as these awards are considered participating securities. Unvestedshare-based awards of restricted stock are paid dividends equally with all other shares of common stock and are consideredparticipating securities. As a result, the Company inc