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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues:                    
Net sales $ 446 $ 438 $ 403 $ 441 $ 524 $ 344 $ 370 $ 417 $ 1,728 $ 1,655
Net investment income 549 544 275 198 352 54 10 (3) 1,566 413
Net gains (losses) 0 [1] (4) [1] 43 [1] 345 [1] (298) [1] (2,121) [1] (2,373) [1] 45 [1] 384 (4,747)
Total revenues 995 978 721 984 578 (1,723) (1,993) 459 3,678 (2,679)
Expenses:                    
Manufacturing cost of sales 201 195 208 192 165 203 227 242 796 837
Engineering, selling and administrative 465 584 645 542 576 669 623 1,022 2,236 2,890
Total expenses 666 779 853 734 741 872 850 1,264 3,032 3,727
Income (loss) from continuing operations before income tax expense                 646 (6,406)
Income tax expense (benefit) 169 69 (2) 65 (164) (611) (588) (166) 301 (1,529)
Net income (loss) from continuing operations 160 130 (130) 185 1 [2] (1,984) [2] (2,255) [2] (639) [2] 345 (4,877)
(Loss) income from discontinued operations, net of tax 0 0 0 (28) 132 488 457 808 (28) 1,885
Net income (loss) 160 130 (130) 157 133 (1,496) (1,798) 169 317 (2,992)
Less: Net income attributable to non-controlling interests 26 22 0 0 0 0 0 0 48 0
Net income (loss) attributable to LGL Group common stockholders $ 134 $ 108 $ (130) $ 157 $ 133 $ (1,496) $ (1,798) $ 169 $ 269 $ (2,992)
Income (loss) per common share attributable to LGL Group common stockholders:                    
Income (loss) from continuing operations (in dollars per share) $ 0.03 [2] $ 0.02 [2] $ (0.02) [2] $ 0.03 [2] $ 0 [2] $ (0.37) [2] $ (0.42) [2] $ (0.12) [2] $ 0.06 $ (0.91)
(Loss) income from discontinued operations (in dollars per share) 0 [2] 0 [2] 0 [2] (0.01) [2] 0.02 [2] 0.09 [2] 0.09 [2] 0.15 [2] (0.01) 0.35
Net income (loss) attributable to LGL Group common stockholders (in dollars per share) 0.03 [2] 0.02 [2] (0.02) [2] 0.03 [2] 0.02 [2] (0.28) [2] (0.34) [2] 0.03 [2] 0.05 (0.56)
Diluted:                    
Income (loss) from continuing operations (in dollars per share) 0.02 [2] 0.02 [2] (0.02) [2] 0.03 [2] 0 [2] (0.37) [2] (0.42) [2] (0.12) [2] 0.06 (0.91)
(Loss) income from discontinued operations (in dollars per share) 0 [2] 0 [2] 0 [2] (0.01) [2] 0.02 [2] 0.09 [2] 0.09 [2] 0.15 [2] (0.01) 0.35
Net income (loss) attributable to LGL Group common stockholders (in dollars per share) $ 0.02 [2] $ 0.02 [2] $ (0.02) [2] $ 0.03 [2] $ 0.02 [2] $ (0.28) [2] $ (0.34) [2] $ 0.03 [2] $ 0.05 $ (0.56)
Weighted average shares outstanding:                    
Basic (in shares) 5,352,937 5,352,937 5,352,937 5,352,937 5,349,187 5,346,043 5,334,187 5,323,973 5,352,937 5,338,417
Diluted (in shares) 5,381,685 5,355,006 5,352,937 5,352,937 5,356,188 5,346,043 5,334,187 5,345,202 5,352,937 5,383,666
[1] During Q1 and Q2 2023, the net gains primarily relate to the sale of our investments in mutual funds managed by GAMCO Investors, Inc.
[2] Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, (i) the components of earnings per share may not sum to its corresponding total or (ii) the quarterly earnings per share may not sum to the earnings per share on the Consolidated Statements of Operations.