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Note 11 - Earnings Per Share ("EPS")
9 Months Ended
Sep. 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 September 30,

 

Nine Months Ended September 30,

  

2024

 

2023

 

2024

 

2023

Numerator for EPS:

                

Income from continuing operations

 $90  $130  $294  $185 

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

  18   22   64   22 

Income attributable to LGL Group common shareholders from continuing operations

  72   108   230   163 

Income (loss) from discontinued operations, net of tax

           (28)

Net income attributable to LGL Group common stockholders

 $72  $108  $230  $135 
                 

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

  172,266   2,069   183,915    

Restricted stock

  6,766      6,943    

Weighted average common shares outstanding - diluted

  5,531,969   5,355,006   5,543,795   5,352,937 
                 

Income per common share attributable to LGL Group common stockholders:

                

Basic (b):

                

Income from continuing operations

 $0.01  $0.02  $0.04  $0.03 

Income (loss) from discontinued operations

           (0.01)

Net income attributable to LGL Group common stockholders

 $0.01  $0.02  $0.04  $0.03 
                 

Diluted (b):

                

Income from continuing operations

 $0.01  $0.02  $0.04  $0.03 

Income (loss) from discontinued operations

           (0.01)

Net income attributable to LGL Group common stockholders

 $0.01  $0.02  $0.04  $0.03 

(a)

For the nine months ended September 30, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock because the effect of including those common shares in the calculation would have been anti-dilutive.

(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.