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Note 11 - Earnings Per Share ("EPS")
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. Earnings Per Share ("EPS")

 

The following table presents a reconciliation of Net income (loss) and shares used in calculating basis and diluted net income (loss) per common share for the periods indicated:

  

Three Months Ended June 30,

 

Six Months Ended June 30,

  

2024

 

2023

 

2024

 

2023

Numerator for EPS:

                

Income (loss) from continuing operations

 $161  $(130) $204  $55 

Less: Net income from continuing operations attributable to non-controlling interests

  24      46    

Income (loss) attributable to LGL Group common shareholders from continuing operations

  137   (130)  158   55 

Income (loss) from discontinued operations, net of tax

           (28)

Net income (loss) attributable to LGL Group common stockholders

 $137  $(130) $158  $27 
                 

Denominator for EPS:

                

Weighted average common shares outstanding - basic

  5,352,937   5,352,937   5,352,937   5,352,937 

Dilutive effects (a):

                

Warrants

  125,178      190,399    

Restricted stock

  4,428      5,533    

Weighted average common shares outstanding - diluted

  5,482,543   5,352,937   5,548,869   5,352,937 
                 

Income per common share attributable to LGL Group common stockholders:

                

Basic (b):

                

Income (loss) from continuing operations

 $0.03  $(0.02) $0.03  $0.01 

Income (loss) from discontinued operations

           (0.01)

Net income (loss) attributable to LGL Group common stockholders

 $0.03  $(0.02) $0.03  $0.01 
                 

Diluted (b):

                

Income (loss) from continuing operations

 $0.02  $(0.02) $0.03  $0.01 

Income (loss) from discontinued operations

           (0.01)

Net income (loss) attributable to LGL Group common stockholders

 $0.02  $(0.02) $0.03  $0.01 

(a)

For the three and six months ended June 30, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock.

(b)

Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, the components of earnings per share may not sum to its corresponding total.