The ONE Group Hospitality, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per share

Earnings per share

3 Months Ended

Mar. 31, 2019

Note 13 – Earnings per share

Basic earnings per share is computed using the weighted average number of common shares outstanding during the period and income available to common stockholders. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of all potential shares of common stock including common stock issuable pursuant to stock options, warrants, and restricted stock units.

For the three months ended March 31, 2019 and 2018, the earnings per share was calculated as follows (in thousands, except earnings per share and related share data):

	Three months ended March 31,
	2019		2018
Net income attributable to The ONE Group Hospitality, Inc.	$	854	$	231

Basic weighted average shares outstanding		28,314,820		27,187,657
Dilutive effect of stock options, warrants and restricted share units		996,936		200,841
Diluted weighted average shares outstanding		29,311,756		27,388,498

Net income available to common stockholders per share - Basic	$	0.03	$	0.01
Net income available to common stockholders per share - Diluted	$	0.03	$	0.01

For the three months ended March 31, 2019, 0.9 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. For the three months ended March 31, 2018, 2.0 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.