Net Income Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

Basic net income per share is computed using the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by adjusting the weighted-average number of common shares outstanding for the effect of dilutive potential common shares outstanding during the period. Potential common shares included in the diluted calculation consist of incremental shares issuable upon the exercise of outstanding stock options calculated using the treasury stock method.

The following table sets forth the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to Travelzoo—continuing operations	$	1,018	$	2,985	$	3,388	$	1,358
Net loss attributable to Travelzoo—discontinued operations	$	10	$	29	$	(1)	$	14
Denominator:
Weighted average common shares—basic	12,513		11,488		12,285		11,440
Effect of dilutive securities: stock options	124		1,920		306		1,808
Weighted average common shares—diluted	12,637		13,408		12,591		13,248
Income per share—basic
Continuing operations	$	0.08	$	0.26	$	0.28	$	0.12
Discontinued operations	—		—		—		—
Net income per share —basic	$	0.08	$	0.26	$	0.28	$	0.12
Income per share—diluted
Continuing operations	$	0.08	$	0.22	$	0.27	$	0.10
Discontinued operations	—		—		—		—
Net income per share—diluted	$	0.08	$	0.22	$	0.27	$	0.10

For the three and six months ended June 30, 2022 and 2021, options to purchase 750,000 shares and 50,000 shares of common stock, respectively, were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.