Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted Net Income per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted EPS computations of net income:

	December 31, 2023						December 31, 2022						December 31, 2021
					Per						Per						Per
	Income		Shares		Share		Income		Shares		Share		Income		Shares		Share
Basic EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	38,462					$	11,641					$	52,059
Denominator
Weighted average				17,578,270	$	2.19				17,899,794	$	0.65				18,917,570	$	2.75
Diluted EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	38,462					$	11,641					$	52,059
Interest expense related to Convertible Senior Notes, net of tax		2,667						–						4,317
Diluted consolidated net income	$	41,129					$	11,641					$	56,376
Denominator
Basic weighted average				17,578,270						17,899,794						18,917,570
Convertible Senior Notes (1)				2,533,201						–						3,208,172
Stock options and restricted stock units				355,935						155,221						256,252
				20,467,406	$	2.01				18,055,015	$	0.64				22,381,994	$	2.52

(1) For 2022, the effect of 3,208,172 shares issuable upon conversion of the Convertible Senior Notes were excluded from the diluted net income per share calculation because the effect would have been antidilutive.