Note 8 - Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

8

.

Basic and Diluted

Net

Income

(

Loss

)

p

er Share

Basic net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing the net income (loss) by the weighted average number of common shares outstanding, which were

3,803,331

for each period.

Diluted net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus any weighted common equivalent shares determined to be outstanding during the period using the treasury method. The weighted common equivalent shares included in the calculation are related to stock options granted by Avalon where the weighted average market price of Avalon’s common stock for the period presented is greater than the option exercise price of the stock option.

For the

three

months ended

June 30, 2018

and

2017,

the diluted weighted average number of shares outstanding was

3,817,781

and

3,826,920,

respectively.

For the

six

months ended

June 30, 2018

and

2017,

the diluted per share amount reported is equal to the basic per share amount because Avalon was in a net loss position and as a result, such dilution would be considered anti-dilutive. Assuming dilution, the weighted average number of common shares outstanding for the

six

months ended

June 30, 2018

and

2017

was

3,817,078

and

3,858,828,

respectively.