Quarterly report pursuant to Section 13 or 15(d)

(Loss) earnings per share

v3.10.0.1
(Loss) earnings per share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Share [Text Block]
Note 12 – (Loss) earnings per share
 
Basic earnings (loss) per share is computed using the weighted average number of common shares outstanding during the applicable period. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common stock. Potential common stock consists of shares issuable pursuant to stock options, warrants and restricted share units.
 
 
 
Three Months Ended

September 30,
 
 
Nine Months Ended

September 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
 
 
(in thousands, except earnings per share and related share information)
 
Net (loss) income attributable to The ONE Group Hospitality, Inc.
 
$
(305
)
 
$
(1,166
)
 
$
106
 
 
$
(3,868
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
27,751,632
 
 
 
25,228,288
 
 
 
27,437,269
 
 
 
25,141,933
 
Dilutive effect of stock options, warrants and restricted share units
 
 
-
 
 
 
-
 
 
 
62,376
 
 
 
-
 
Diluted weighted average shares outstanding
 
 
27,751,632
 
 
 
25,228,288
 
 
 
27,499,645
 
 
 
25,141,933
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income available to common stockholders per share - Basic
 
$
(0.01
)
 
$
(0.05
)
 
$
0.00
 
 
$
(0.15
)
Net (loss) income available to common stockholders per share - Diluted
 
$
(0.01
)
 
$
(0.05
)
 
$
0.00
 
 
$
(0.15
)
 
For the three and nine months ended September 30, 2017 and for the three months ended September 30, 2018, all equivalent shares underlying options, warrants and restricted share units were excluded from the calculation of diluted earnings per share as the Company was in a net loss position.
For the nine months ended September 30, 2018, 1.9 million stock options, warrants and restricted share units were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share. 
Basic and diluted earnings per share for discontinued operations was $0.00 for each of the three and nine months ended September 30, 2018 and 2017.
 
Net loss per share amounts for continuing operations and discontinued operations are computed independently. As a result, the sum of per share amounts may not equal the total.