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

Annual report pursuant to Section 13 and 15(d)

Earnings per share

Earnings per share

12 Months Ended

Dec. 31, 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 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, 2022 and 2021, earnings per share was calculated as follows (in thousands, except earnings per share and related share data):


	Year ended December 31,
	2022		2021
Net income attributable to The ONE Group Hospitality, Inc.	$	13,534	$	31,348

Basic weighted average shares outstanding		32,400,515		31,155,224
Dilutive effect of stock options, warrants and restricted share units		1,471,282		2,639,120
Diluted weighted average shares outstanding		33,871,797		33,794,344

Net income available to common stockholders per share - Basic	$	0.42	$	1.01
Net income available to common stockholders per share - Diluted	$	0.40	$	0.93

For the years ended December 31, 2022 and 2021, stock options, warrants and restricted share units totaling less than 0.1 million and 0.4 million, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share.