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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Net sales $ 531 $ 403 $ 923 $ 844
Net investment income 538 275 1,037 473
Net (losses) gains (1) 43 (4) 388
Total revenues 1,068 721 1,956 1,705
Expenses:        
Manufacturing cost of sales 214 208 418 400
Engineering, selling and administrative 617 645 1,222 1,187
Total expenses 831 853 1,640 1,587
Income (loss) from continuing operations before income taxes 237 (132) 316 118
Income tax (benefit) expense 76 (2) 112 63
Net income (loss) from continuing operations 161 (130) 204 55
Income (loss) from discontinued operations, net of tax 0 0 0 (28)
Net income (loss) 161 (130) 204 27
Less: Net income attributable to non-controlling interests 24 0 46 0
Net income (loss) attributable to LGL Group common stockholders $ 137 $ (130) $ 158 $ 27
Income (loss) per common share attributable to LGL Group common stockholders:        
Income (loss) from continuing operations (in dollars per share) [1] $ 0.03 $ (0.02) $ 0.03 $ 0.01
Income (loss) from discontinued operations (in dollars per share) [1] 0 0 0 (0.01)
Net income (loss) attributable to LGL Group common stockholders (in dollars per share) [1] 0.03 (0.02) 0.03 0.01
Diluted (a):        
Income (loss) from continuing operations (in dollars per share) [1] 0.02 (0.02) 0.03 0.01
Income (loss) from discontinued operations (in dollars per share) [1] 0 0 0 (0.01)
Net income (loss) attributable to LGL Group common stockholders (in dollars per share) [1] $ 0.02 $ (0.02) $ 0.03 $ 0.01
Weighted average shares outstanding:        
Basic (in shares) 5,352,937 5,352,937 5,352,937 5,352,937
Diluted (in shares) [2] 5,482,543 5,352,937 5,548,869 5,352,937
[1] 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.
[2] 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.