Basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the applicable period. Diluted net income (loss) per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common stock. Potential common stock consists of shares issuable pursuant to stock options and warrants.

 

		Three Months Ended March 31,
		2018			2017
		(in thousands, except earnings per share and related share information)
Net income (loss) attributable to The ONE Group Hospitality, Inc.		$	231		$	(402)
Basic weighted average shares outstanding			27,187,657			25,050,628
Dilutive effect of stock options, warrants and restricted share units			200,841			—
Diluted weighted average shares outstanding			27,388,498			25,050,628
Net income (loss) available to common stockholders per share - Basic		$	0.01		$	(0.02)
Net income (loss) available to common stockholders per share - Diluted		$	0.01		$	(0.02)
Anti-dilutive stock options, warrants and restricted share units			2,114,437			—

 

For the three months ended March 31, 2017, all equivalent shares underlying options and warrants were excluded from the calculation of diluted earnings per share as the Company was in a net loss position. Basic and diluted earnings per share for discontinued operations was $0.00 for each of the quarters ended March 31, 2018 and 2017.

 

Net income (loss) per share amounts for continuing operations and discontinued operations are computed independently. As a result, the sum of per share amounts may not equal the total.