Earnings Per Share

12 Months Ended

Dec. 31, 2024

EARNINGS (LOSS) PER SHARE:

Basic earnings (loss) per common share is computed by dividing income (loss) attributable to Westwood Holdings Group, Inc. by the weighted average number of shares outstanding for the applicable period. Diluted earnings (loss) per share is computed based on the weighted average number of shares outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non-employee directors using the treasury stock method. There were approximately 7,000, 63,000 and 120,000 anti-dilutive restricted shares as of December 31, 2024, 2023 and 2022, respectively, which were excluded from weighted average shares outstanding.

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


	Years ended December 31,
	2024		2023		2022
Income (loss) attributable to Westwood Holdings Group, Inc.	$	2,215	$	9,520	$	(4,628)

Weighted average shares outstanding – basic	8,163,465		7,964,423		7,844,363
Dilutive potential shares from unvested restricted shares	352,314		147,716		—

Weighted average shares outstanding – diluted	8,515,779		8,112,139		7,844,363
Earnings (loss) per share:
Basic	$	0.27	$	1.20	$	(0.59)
Diluted	$	0.26	$	1.17	$	(0.59)