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

6 Months Ended

Jun. 30, 2023

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 six months ended June 30, 2023 and 2022, net income per share was calculated as follows (in thousands, except net income per share and related share data):


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Net income attributable to The ONE Group Hospitality, Inc.	$	568	$	4,303	$	3,174	$	7,973

Basic weighted average shares outstanding		31,782,783		32,601,203		31,730,299		32,411,570
Dilutive effect of stock options, warrants and restricted share units		890,674		1,358,788		1,049,522		1,711,572
Diluted weighted average shares outstanding		32,673,457		33,959,991		32,779,821		34,123,142

Net income available to common stockholders per share - Basic	$	0.02	$	0.13	$	0.10	$	0.25
Net income available to common stockholders per share - Diluted	$	0.02	$	0.13	$	0.10	$	0.23

For the three and six months ended June 30, 2023 and 2022, 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.