Quarterly report pursuant to Section 13 or 15(d)

(Loss) earnings per share

v3.20.2
(Loss) earnings per share
6 Months Ended
Jun. 30, 2020
(Loss) earnings per share  
(Loss) earnings per share

Note 11 – (Loss) earnings per share

Basic (loss) earnings per share is computed using the weighted average number of common shares outstanding during the period and income available to common stockholders. Diluted (loss) 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 and six months ended June 30, 2020 and 2019, the (loss) earnings per share was calculated as follows (in thousands, except earnings per share and related share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 

 

Six months ended June 30, 

 

    

2020

    

2019

    

2020

    

2019

Net (loss) income attributable to The ONE Group Hospitality, Inc.

 

$

(2,872)

 

$

(322)

 

$

(7,471)

 

$

532

 

 

 

  

 

 

  

 

 

  

 

 

 

Basic weighted average shares outstanding

 

 

28,907,568

 

 

28,432,510

 

 

28,778,544

 

 

28,373,974

Dilutive effect of stock options, warrants and restricted share units

 

 

 —

 

 

 —

 

 

 —

 

 

1,082,790

Diluted weighted average shares outstanding

 

 

28,907,568

 

 

28,432,510

 

 

28,778,544

 

 

29,456,764

 

 

 

  

 

 

  

 

 

  

 

 

  

Net (loss) earnings available to common stockholders per share - Basic

 

$

(0.10)

 

 

(0.01)

 

$

(0.26)

 

$

0.02

Net (loss) earnings available to common stockholders per share - Diluted

 

$

(0.10)

 

$

(0.01)

 

$

(0.26)

 

$

0.02

 

For the six months ended June 30, 2020 and 2019, 1.4 million and 1.0 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, respectively.