Quarterly report pursuant to Section 13 or 15(d)

Earnings per share

v3.21.2
Earnings per share
6 Months Ended
Jun. 30, 2021
Earnings per share  
Earnings per share

Note 11 – 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 three and six months ended June 30, 2021 and 2020, the income (loss) per share was calculated as follows (in thousands, except loss per share and related share data):

Three months ended June 30, 

Six months ended June 30, 

    

2021

    

2020

    

2021

    

2020

Net income (loss) attributable to The One Group Hospitality, Inc.

$

13,836

$

(2,872)

$

13,906

$

(7,471)

 

  

 

  

 

  

 

Basic weighted average shares outstanding

 

31,248,677

 

28,907,568

 

30,239,364

 

28,778,544

Dilutive effect of stock options, warrants and restricted share units

 

2,780,058

 

 

3,444,289

 

Diluted weighted average shares outstanding

 

34,028,735

 

28,907,568

 

33,683,652

 

28,778,544

 

  

 

  

 

  

 

  

Net income (loss) available to common stockholders per share - Basic

$

0.44

$

(0.10)

$

0.46

$

(0.26)

Net income (loss) available to common stockholders per share - Diluted

$

0.41

$

(0.10)

$

0.41

$

(0.26)

For the six months ended June 30, 2021 and 2020, 0.1 million and 1.4 million 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, respectively.