Annual report pursuant to Section 13 and 15(d)

Earnings per share

v3.20.4
Earnings per share
12 Months Ended
Dec. 31, 2020
Earnings per share  
Earnings per share

Note 14 – 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 years ended December 31, 2020 and 2019, the earnings per share was calculated as follows (in thousands, except earnings per share and related share data):

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2020

    

2019

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

 

$

(12,825)

 

$

20,831

 

 

 

  

 

 

 

Basic weighted average shares outstanding

 

 

28,909,963

 

 

28,454,385

Dilutive effect of stock options, warrants and restricted share units

 

 

 —

 

 

1,181,834

Diluted weighted average shares outstanding

 

 

28,909,963

 

 

29,636,219

 

 

 

  

 

 

  

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

 

$

(0.44)

 

$

0.73

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

 

$

(0.44)

 

$

0.70

 

 

For the years ended December 31, 2020 and 2019,  stock options,  warrants and restricted share units totaling 1.4 million and 1.0 million, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share.