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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period EndedJune 30, 2021
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from          to          
Commission File Number 000-29472
AMKOR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware23-1722724
(State of incorporation)(I.R.S. Employer
Identification Number)
2045 East Innovation Circle
Tempe, AZ 85284
(Address of principal executive offices and zip code)
(480821-5000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, $0.001 par valueAMKRThe NASDAQ Global Select Market
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to filing requirements for the past 90 days.  Yes   No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes   No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer

Accelerated filer

Non-accelerated filer 

Smaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No
The number of outstanding shares of the registrant’s Common Stock as of July 23, 2021 was 244,343,710.




QUARTERLY REPORT ON FORM 10-Q
For the Quarter Ended June 30, 2021

TABLE OF CONTENTS
Page
Consolidated Statements of Income - Three and Six Months Ended June 30, 2021 and 2020
Consolidated Statements of Comprehensive Income - Three and Six Months Ended June 30, 2021 and 2020
Consolidated Balance Sheets - June 30, 2021 and December 31, 2020
Consolidated Statements of Stockholders’ Equity - Three and Six Months Ended June 30, 2021 and 2020
This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding (1) the amount, timing and focus of our expected capital investments in 2021 including expenditures in support of advanced packaging and test equipment, (2) our ability to fund our operating activities and financial requirements for the next twelve months, (3) the effect of changes in revenue levels and capacity utilization on our gross margin, (4) the impact of the Covid-19 pandemic on our operations and financial results, (5) the focus of our research and development activities, (6) the anticipated impact of tax law changes in the jurisdictions in which we operate, (7) the grant and expiration of tax holidays in jurisdictions in which we operate and expectations regarding our effective tax rate and the availability of tax incentives, (8) the creation or release of valuation allowances related to taxes in the future, (9) our repurchase or repayment of outstanding debt, (10) payment of dividends, (11) compliance with our covenants, (12) expected contributions to foreign pension plans and potential future conversion of our unfunded severance plan in Korea to a defined contribution plan, (13) liability for unrecognized tax benefits and the potential impact of our unrecognized tax benefits on our effective tax rate, (14) the effect of foreign currency exchange rate exposure on our financial results, (15) the volatility of the trading price of our common stock, (16) changes to our internal controls related to integration of acquired operations and implementation of an enterprise resource planning system, (17) our efforts to enlarge our customer base in certain geographic areas and markets, (18) demand for advanced packages in mobile and automotive devices and our technology leadership and potential growth in this market, (19) projects to install or integrate new information technology systems or upgrade our existing systems and (20) other statements that are not historical facts. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “intend,” by the negative of these terms or other comparable terminology or by discussions of strategy, plans or intentions. All forward-looking statements in this Form 10-Q are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including those set forth in Part II, Item 1A and other sections of this

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QUARTERLY REPORT ON FORM 10-Q
For the Quarter Ended June 30, 2021

TABLE OF CONTENTS
Form 10-Q, in our Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”) and from time to time in our other reports filed with or furnished to the Securities and Exchange Commission (“SEC”). You should carefully consider the trends, risks and uncertainties described in this Form 10-Q, the 2020 Form 10-K, and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of the following trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to update such information, except as may be required by law.

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PART I. FINANCIAL INFORMATION

Item 1.        Financial Statements

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
For the Three Months Ended June 30,For the Six Months Ended June 30,
2021202020212020
(In thousands, except per share data)
Net sales$1,406,535 $1,172,909 $2,732,685 $2,325,525 
Cost of sales1,133,715 980,589 2,194,331 1,944,297 
Gross profit272,820 192,320 538,354 381,228 
Selling, general and administrative74,189 74,260 150,957 146,842 
Research and development43,516 31,536 87,834 63,789 
Total operating expenses117,705 105,796 238,791 210,631 
Operating income155,115 86,524 299,563 170,597 
Interest expense12,764 16,012 25,437 33,057 
Other (income) expense, net(96)1,467 (7)(848)
Total other expense, net12,668 17,479 25,430 32,209 
Income before taxes142,447 69,045 274,133 138,388 
Income tax expense15,989 12,905 27,656 17,751 
Net income126,458 56,140 246,477 120,637 
Net income attributable to non-controlling interests(652)(716)(862)(1,324)
Net income attributable to Amkor$125,806 $55,424 $245,615 $119,313 
Net income attributable to Amkor per common share:  
Basic$0.52 $0.23 $1.01 $0.50 
Diluted$0.51 $0.23 $1.00 $0.49 
Shares used in computing per common share amounts: 
Basic243,863 241,098 243,566 241,009 
Diluted245,551 241,410 245,372 241,345 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)

For the Three Months Ended June 30,For the Six Months Ended June 30,
2021202020212020
(In thousands)
Net income$126,458 $56,140 $246,477 $120,637 
Other comprehensive income (loss), net of tax:
Adjustments to net unrealized gains (losses) on available-for-sale debt investments(14)251 (46)358 
Adjustments to unrealized components of defined benefit pension plans26 11 51 23 
Foreign currency translation278 (699)(11,162)(224)
Total other comprehensive income (loss)290 (437)(11,157)157 
Comprehensive income126,748 55,703 235,320 120,794 
Comprehensive income attributable to non-controlling interests(652)(716)(862)(1,324)
Comprehensive income attributable to Amkor$126,096 $54,987 $234,458 $119,470 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)

June 30, 2021December 31, 2020
(In thousands, except per share data)
ASSETS
Current assets:  
Cash and cash equivalents$724,785 $698,002 
Restricted cash937 1,007 
Short-term investments (amortized cost of $160,972 and $133,744 in 2021 and 2020, respectively)
160,941 133,769 
Accounts receivable, net of allowances1,064,586 962,643 
Inventories374,109 297,293 
Other current assets45,684 40,218 
Total current assets2,371,042 2,132,932 
Property, plant and equipment, net2,873,570 2,566,002 
Operating lease right of use assets 144,529 147,236 
Goodwill25,392 27,325 
Restricted cash3,498 3,188 
Other assets149,748 145,628 
Total assets$5,567,779 $5,022,311 
LIABILITIES AND EQUITY
Current liabilities:  
Short-term borrowings and current portion of long-term debt$134,912 $149,007 
Trade accounts payable710,326 636,434 
Capital expenditures payable460,413 181,339 
Accrued expenses374,002 349,207 
Total current liabilities1,679,653 1,315,987 
Long-term debt916,407 1,005,339 
Pension and severance obligations146,737 159,610 
Long-term operating lease liabilities78,492 84,420 
Other non-current liabilities163,420 102,996 
Total liabilities2,984,709 2,668,352 
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Preferred stock, $0.001 par value, 10,000 shares authorized, designated Series A, none issued
  
Common stock, $0.001 par value, 500,000 shares authorized; 290,115 and 288,923 shares issued; and 243,964 and 242,829 shares outstanding in 2021 and 2020, respectively
290 289 
Additional paid-in capital1,968,339 1,953,378 
Retained earnings788,567 562,502 
Accumulated other comprehensive income (loss)16,113 27,270 
Treasury stock, at cost, 46,151 and 46,094 shares in 2021 and 2020, respectively
(219,061)(217,740)
Total Amkor stockholders’ equity2,554,248 2,325,699 
Non-controlling interests in subsidiaries28,822 28,260 
Total equity2,583,070 2,353,959 
Total liabilities and equity$5,567,779 $5,022,311 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
Additional Paid-
In Capital
Retained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Total Amkor
Stockholders’
Equity
Noncontrolling
Interest in
Subsidiaries
Total
Equity
Common StockTreasury Stock
SharesPar ValueSharesCost
(In thousands)
Balance at March 31, 2021289,865 $290 $1,964,331 $672,534 $15,823 (46,151)$(219,061)$2,433,917 $28,320 $2,462,237 
Net income— — — 125,806 — — — 125,806 652 126,458 
Other comprehensive income (loss)— — — — 290 — — 290 — 290 
Issuance of stock through share-based compensation plans250 — 1,462 — — — — 1,462 — 1,462 
Share-based compensation— — 2,546 — — — — 2,546 — 2,546 
Cash dividends declared ($0.04 per common share)
— — — (9,773)— — — (9,773)— (9,773)
Subsidiary dividends to non-controlling interests— — — — — — — — (150)(150)
Balance at June 30, 2021290,115 $290 $1,968,339 $788,567 $16,113 (46,151)$(219,061)$2,554,248 $28,822 $2,583,070 
Balance at December 31, 2020288,923 $289 $1,953,378 $562,502 $27,270 (46,094)$(217,740)$2,325,699 $28,260 $2,353,959 
Net income— — — 245,615 — — — 245,615 862 246,477 
Other comprehensive income (loss)— — — — (11,157)— — (11,157)— (11,157)
Treasury stock acquired through surrender of shares for tax withholding— — — — — (57)(1,321)(1,321)— (1,321)
Issuance of stock through share-based compensation plans1,192 1 10,023 — — — — 10,024 — 10,024 
Share-based compensation— — 4,938 — — — — 4,938 — 4,938 
Cash dividends declared ($0.08 per common share)
— — — (19,550)— — — (19,550)— (19,550)
Subsidiary dividends to non-controlling interests— — — — — — — — (300)(300)
Balance at June 30, 2021290,115 $290 $1,968,339 $788,567 $16,113 (46,151)$(219,061)$2,554,248 $28,822 $2,583,070 

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
Additional Paid-
In Capital
Retained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Total Amkor
Stockholders’
Equity
Noncontrolling
Interest in
Subsidiaries
Total
Equity
Common StockTreasury Stock
SharesPar ValueSharesCost
(In thousands)
Balance at March 31, 2020287,093 $287 $1,931,088 $297,966 $19,709 (46,077)$(217,533)$2,031,517 $27,108 $2,058,625 
Net income— — — 55,424 — — — 55,424 716 56,140 
Other comprehensive income (loss)— — — — (437)— — (437)— (437)
Treasury stock acquired through surrender of shares for tax withholding— — — — — (6)(59)(59)— (59)
Issuance of stock through share-based compensation plans226 — 1,222 — — — — 1,222 — 1,222 
Share-based compensation— — 1,737 — — — — 1,737 — 1,737 
Subsidiary dividends to non-controlling interests— — — — — — — — (300)(300)
Balance at June 30, 2020287,319 $287 $1,934,047 $353,390 $19,272 (46,083)$(217,592)$2,089,404 $27,524 $2,116,928 
Balance at December 31, 2019286,877 $287 $1,927,739 $234,077 $19,115 (46,072)$(217,479)$1,963,739 $26,500 $1,990,239 
Net income— — — 119,313 — — — 119,313 1,324 120,637 
Other comprehensive income (loss)— — — — 157 — — 157 — 157 
Treasury stock acquired through surrender of shares for tax withholding— — — — — (11)(113)(113)— (113)
Issuance of stock through share-based compensation plans442 — 2,741 — — — — 2,741 — 2,741 
Share-based compensation— — 3,567 — — — — 3,567 — 3,567 
Subsidiary dividends to non-controlling interests— — — — — — — — (300)(300)
Balance at June 30, 2020287,319 $287 $1,934,047 $353,390 $19,272 (46,083)$(217,592)$2,089,404 $27,524 $2,116,928 
The accompanying notes are an integral part of these statements.


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AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

For the Six Months Ended June 30,
 20212020
 (In thousands)
Cash flows from operating activities:  
Net income$246,477 $120,637 
Depreciation and amortization274,991 248,036 
Other operating activities and non-cash items305 10,151 
Changes in assets and liabilities(65,442)(136,422)
Net cash provided by operating activities456,331 242,402 
Cash flows from investing activities:  
Payments for property, plant and equipment(273,617)(134,340)
Proceeds from sale of property, plant and equipment2,249 2,389 
Proceeds from foreign exchange forward contracts10,553 11,557 
Payments for foreign exchange forward contracts(37,972)(10,595)
Payments for short-term investments(173,307)(325,632)
Proceeds from sale of short-term investments45,396 8,593 
Proceeds from maturities of short-term investments103,116 13,072 
Other investing activities2,087 (157)
Net cash used in investing activities(321,495)(435,113)
Cash flows from financing activities:  
Proceeds from revolving credit facilities 282,000 
Payments of revolving credit facilities (216,000)
Proceeds from short-term debt3,679 62,495 
Payments of short-term debt(10,431)(66,609)
Proceeds from issuance of long-term debt120,992 225,985 
Payments of long-term debt(184,212)(201,425)
Payments of finance lease obligations(6,633)(4,876)
Payments of dividends(29,221) 
Other financing activities8,287 972 
Net cash (used in) provided by financing activities(97,539)82,542 
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash(10,274)(1,177)
Net increase (decrease) in cash, cash equivalents and restricted cash27,023 (111,346)
Cash, cash equivalents and restricted cash, beginning of period702,197 898,532 
Cash, cash equivalents and restricted cash, end of period$729,220 $787,186 
Non-cash investing and financing activities:
Property, plant and equipment included in capital expenditures payable$460,451 $259,520 
Right of use assets acquired through finance lease liabilities40,734 1,853 
Right of use assets acquired through operating lease liabilities24,194 17,293 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

1.    Interim Financial Statements
Basis of Presentation. The Consolidated Financial Statements and related disclosures as of June 30, 2021, and for the three and six months ended June 30, 2021 and 2020, contained in this Form 10-Q (the “Consolidated Financial Statements”) are unaudited, pursuant to the rules and regulations of the SEC. The December 31, 2020 Consolidated Balance Sheet data contained in this Form 10-Q was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S.”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the results for the interim periods and should be read in conjunction with the financial statements included in the 2020 Form 10-K. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021. Unless the context otherwise requires, all references to “Amkor,” “we,” “us” or “our” are to Amkor Technology, Inc. and its subsidiaries. Certain prior year amounts have been reclassified to conform to current year presentation.
Use of Estimates. The Consolidated Financial Statements have been prepared in conformity with U.S. GAAP, using management’s best estimates and judgments where appropriate. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments, as a result of, for example, the impact of the Covid-19 pandemic and any worsening of the global business and economic environment.
Goodwill. The balance of goodwill in the Consolidated Balance Sheets contained in this Form 10-Q reflects adjustments for foreign currency translation.
Unbilled Receivables. Total unbilled receivables as of June 30, 2021 and December 31, 2020 were $224.9 million and $146.8 million, respectively.
Contract Liability. Contract liabilities were $113.8 million and $51.6 million as of June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021 and December 31, 2020, the short-term portion of the liability was $56.0 million and $30.3 million, respectively. Revenue recognized during the six months ended June 30, 2021 and 2020 that was included in the contract liability balance at the beginning of the period was $15.8 million and $9.2 million, respectively.

2.    Net Sales by Product Group and End Market
The following table presents our net sales by product group. Beginning in 2021, we are reporting memory net sales in advanced products. Previously, memory net sales were reported in mainstream products. Prior year amounts were reclassified to conform to current year presentation.
For the Three Months Ended June 30,For the Six Months Ended June 30,
2021202020212020
(In thousands)(In thousands)
Advanced products (1)$979,668 $834,474 $1,900,323 $1,629,252 
Mainstream products (2)426,867 338,435 832,362 696,273 
Total net sales$1,406,535 $1,172,909 $2,732,685 $2,325,525 
(1) Advanced products include flip chip, memory and wafer-level processing and related test services.
(2) Mainstream products include all other wirebond packaging and related test services.

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)


Net sales by end market consist of the following:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2021202020212020
Communications (handheld devices, smartphones, tablets)40 %38 %40 %38 %
Consumer (connected home, set-top boxes, televisions, visual imaging, wearables)
22 %27 %21 %25 %
Automotive, industrial and other (driver assist, infotainment, performance, safety)
22 %19 %22 %21 %
Computing (data center, infrastructure, PC/laptop, storage)
16 %16 %17 %16 %
Total net sales100 %100 %100 %100 %

3.    Other Income and Expense
Other income and expense consist of the following:
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2021202020212020
 (In thousands)
Interest income$(230)$(1,701)$(509)$(3,959)
Foreign currency (gain) loss, net681 3,461 1,300 3,232 
Loss on debt retirement   428 
Other(547)(293)(798)(549)
Other (income) expense, net$(96)$1,467 $(7)$(848)

4.    Income Taxes
Income tax expense of $27.7 million for the six months ended June 30, 2021 reflects income taxes, foreign withholding taxes and minimum taxes.
We monitor on an ongoing basis our ability to utilize our deferred tax assets and whether there is a need for a related valuation allowance. In evaluating our ability to recover our deferred tax assets in the jurisdictions from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies and results of recent operations.
We maintain a valuation allowance on certain U.S. and foreign deferred tax assets. Such valuation allowances are released as the related tax benefits are realized or when sufficient evidence exists to conclude that it is more likely than not that the deferred tax assets will be realized.
Unrecognized tax benefits represent reserves for potential tax deficiencies or reductions in tax benefits that could result from federal, state or foreign tax audits. Gross unrecognized tax benefits decreased from $32.6 million at December 31, 2020 to $30.6 million as of June 30, 2021, primarily due to the lapse of statutes of limitations and settlement of examinations offset by increases related to income attribution. All of our unrecognized tax benefits would reduce our effective tax rate if recognized. Our unrecognized tax benefits are subject to change for effective settlement of examinations, changes in the recognition threshold of tax positions, the expiration of statutes of limitations and other factors.
We have tax returns that are open to examination in various jurisdictions for tax years 2011-2020. The open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations related to the

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)


amount and/or timing of income, deductions and tax credits. There can be no assurance that the outcome of the examinations will be favorable. In certain circumstances where we elect to appeal the results of an examination, we may be required to make tax assessment payments to proceed with the administrative appeal process.

5.    Earnings Per Share
Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amkor common stockholders by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding is reduced for treasury stock.
Diluted EPS is computed based on the weighted-average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding stock options, performance-vested restricted stock units, time-vested restricted stock units and unvested restricted shares.
The following table summarizes the computation of basic and diluted EPS:
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2021202020212020
 (In thousands,
except per share data)
Net income attributable to Amkor common stockholders$125,806 $55,424 $245,615 $119,313 
Weighted-average number of common shares outstanding - basic243,863 241,098 243,566 241,009 
Effect of dilutive securities:    
Share-based awards1,688 312 1,806 336 
Weighted-average number of common shares outstanding - diluted245,551 241,410 245,372 241,345 
Net income attributable to Amkor per common share:    
Basic$0.52 $0.23 $1.01 $0.50 
Diluted0.51 0.23 1.00 0.49 
The following table summarizes the potential shares of common stock that were excluded from diluted EPS because the effect of including these potential shares was anti-dilutive:
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2021202020212020
 (In thousands)
Share-based awards87 4,260 97 4,260 


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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)


6.    Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income (loss), net of tax, consist of the following:
Unrealized Gains (Losses) on Available-for-Sale Debt Investments (1)Defined Benefit Pension (2)Foreign Currency TranslationTotal
(In thousands)
Accumulated other comprehensive income (loss) at December 31, 2020$21 $(4,218)$31,467 $27,270 
Other comprehensive income (loss) before reclassifications(98) (11,162)(11,260)
Amounts reclassified from accumulated other comprehensive income (loss)52 51  103 
Other comprehensive income (loss)(46)51 (11,162)(11,157)
Accumulated other comprehensive income (loss) at June 30, 2021$(25)$(4,167)$20,305 $16,113 
Unrealized Gains (Losses) on Available-for-Sale Debt Investments (1)Defined Benefit Pension (2)Foreign Currency TranslationTotal
(In thousands)
Accumulated other comprehensive income (loss) at December 31, 2019$ $(4,820)$23,935 $19,115 
Other comprehensive income (loss) before reclassifications369  (224)$145 
Amounts reclassified from accumulated other comprehensive income (loss)(11)23  $12 
Other comprehensive income (loss)358 23 (224)157 
Accumulated other comprehensive income (loss) at June 30, 2020$358 $(4,797)$23,711 $19,272 
(1) Amounts recl