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, 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 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, 2022 and 2021, the 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,
	2022		2021		2022		2021
Net income attributable to The One Group Hospitality, Inc.	$	4,303	$	13,836	$	7,973	$	13,906

Basic weighted average shares outstanding		32,601,203		31,248,677		32,411,570		30,239,364
Dilutive effect of stock options, warrants and restricted share units		1,358,788		2,780,058		1,711,572		3,444,288
Diluted weighted average shares outstanding		33,959,991		34,028,735		34,123,142		33,683,652

Net income available to common stockholders per share - Basic	$	0.13	$	0.44	$	0.25	$	0.46
Net income available to common stockholders per share - Diluted	$	0.13	$	0.41	$	0.23	$	0.41

For the six months ended June 30, 2022 and 2021, zero and 0.1 million stock options, warrants and restricted share units, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share, respectively.