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

3 Months Ended

Mar. 31, 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 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.