Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.1
Earnings Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share  
Earnings Per Share

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 months ended March 31, 2023 and 2022, the net income per share was calculated as follows (in thousands, except net income per share and related share data):

Three months ended March 31, 

    

2023

    

2022

Net income attributable to The ONE Group Hospitality, Inc.

$

2,606

$

3,670

 

  

 

Basic weighted average shares outstanding

 

31,677,232

 

32,231,210

Dilutive effect of stock options, warrants and restricted share units

 

1,320,519

 

2,014,235

Diluted weighted average shares outstanding

 

32,997,751

 

34,245,445

 

  

 

  

Net income available to common stockholders per share - Basic

$

0.08

$

0.11

Net income available to common stockholders per share - Diluted

$

0.08

$

0.11

For the three months ended March 31, 2023 and 2022, 0.1 million and a nominal amount, respectively, 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.