Net Income Per Share

3 Months Ended

Mar. 31, 2024

Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by adjusting the weighted-average number of common shares outstanding for the effect of dilutive potential common shares outstanding during the period. Potential common shares included in the diluted calculation consist of incremental shares issuable upon the exercise of outstanding stock options calculated using the treasury stock method.

The following table sets forth the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended
	March 31,
	2024		2023
Numerator:
Net income attributable to Travelzoo—continuing operations	$	4,236	$	3,675
Net loss attributable to Travelzoo—discontinued operations	$	—	$	(2)
Denominator:
Weighted average common shares—basic	13,489		15,697
Effect of dilutive securities: stock options	136		82
Weighted average common shares—diluted	13,625		15,779

Income per share—basic
Continuing operations	$	0.31	$	0.23
Discontinued operations	—		—
Net income per share —basic	$	0.31	$	0.23

Income per share—diluted
Continuing operations	$	0.31	$	0.23
Discontinued operations	—		—
Net income per share—diluted	$	0.31	$	0.23

For the three months ended March 31, 2024 and 2023, options to purchase 925,000 and 950,000 shares of common stock were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.