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, 2022

Note 10 – 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 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, 2022 and 2021, the net income per share was calculated as follows (in thousands, except net income per share and related share data):


	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Net income attributable to The One Group Hospitality, Inc.	$	482	$	11,671	$	8,455	$	25,577

Basic weighted average shares outstanding		32,663,549		31,993,557		32,496,780		30,830,521
Dilutive effect of stock options, warrants and restricted share units		1,257,949		2,387,016		1,565,881		3,393,336
Diluted weighted average shares outstanding		33,921,498		34,380,573		34,062,661		34,223,857

Net income available to common stockholders per share - Basic	$	0.01	$	0.36	$	0.26	$	0.83
Net income available to common stockholders per share - Diluted	$	0.01	$	0.34	$	0.25	$	0.75

For the three and nine months ended September 30, 2022 and 2021, a nominal amount of 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.