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

9 Months Ended

Sep. 30, 2021

Note 11 – 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 and nine months ended September 30, 2021 and 2020, the income (loss) per share was calculated as follows (in thousands, except loss per share and related share data):


	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Net income (loss) attributable to The One Group Hospitality, Inc.	$	11,671	$	(875)	$	25,577	$	(8,346)

Basic weighted average shares outstanding		31,993,557		29,010,348		30,830,521		28,857,990
Dilutive effect of stock options, warrants and restricted share units		2,387,016		—		3,393,336		—
Diluted weighted average shares outstanding		34,380,573		29,010,348		34,223,857		28,857,990

Net income (loss) available to common stockholders per share - Basic	$	0.36	$	(0.03)	$	0.83	$	(0.29)
Net income (loss) available to common stockholders per share - Diluted	$	0.34	$	(0.03)	$	0.75	$	(0.29)

For the nine months ended September 30, 2021 and 2020, zero and 1.4 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.