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Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

Note 12: Earnings Per Share 



The table below sets forth the reconciliation for net income (loss) and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.











 

 

 

 

 

 



 

 

 

 

 

 



 

Years Ended December 31,



 

2019

 

2018

Earnings (Numerator)

 

 

 

 

 

 

Net income (loss)

 

$

 9,292 

 

$

 (25,221)

Less: dividends to participating securities

 

 

 —

 

 

 142 

Net income (loss) available to common shareholders

 

$

 9,292 

 

$

 (25,363)



 

 

 

 

 

 

Shares (Denominator)

 

 

 

 

 

 

Weighted average common shares outstanding (basic and diluted)

 

 

 21,546,257 

 

 

 21,747,633 



 

 

 

 

 

 

Income (Loss) Per Share

 

 

 

 

 

 

Basic and diluted

 

$

 0.43 

 

$

 (1.17)

Holders of service-based RSUs participate in A. H. Belo dividends on a one-for-one share basis. Distributed and undistributed income associated with participating securities is included in the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.



There were no options or RSUs outstanding as of December 31, 2019 and 2018.