Note 12 - Net Income Per Common Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

12

. Net

Income

per Common

Share

Basic net income per share for the Company is calculated by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted net income (loss) per share is calculated by adjusting the weighted average number of outstanding shares to reflect the potential dilutive impact as if all potentially dilutive

share options or RSUs were exercised or converted under the treasury share method. However, for periods that the Company has a net loss, the effect of outstanding share options or RSUs is anti-dilutive and, accordingly, is excluded from the calculation of diluted loss per share.

The computations of

basic and diluted net income per share for the quarters and

three

months ended

March 31, 2019 

and

2018

 are shown in the tables below:

(In thousands, except per share data)	Three Months Ended March 31,
	2019		2018
Numerator:
Net income (loss) attributable to JMP Group LLC	$	5,069	$	(283	)
Denominator:
Basic weighted average shares outstanding		21,288		21,666
Effect of potential dilutive securities:
Restricted share units		141		-
Diluted weighted average shares outstanding		21,429		21,666
Net income (loss) per share
Basic	$	0.24	$	(0.01	)
Diluted	$	0.24	$	(0.01	)

Due to the net loss for

 

three

months ended

March 31, 201

8

, all of the share o

ptions and restricted share units outstanding, were anti-dilutive and, therefore, were

not

included in the computation of diluted weighted-average common shares outstanding.