Income Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Income Per Share [Abstract]

Basic and Diluted Net Income per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted EPS computations of net income:

	Three Months Ended June 30,
	2023						2022
					Per						Per
	Income		Shares		Share		Income		Shares		Share
Basic EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	9,925					$	5,424
Denominator
Weighted average				17,584,241	$	0.56				18,063,259	$	0.30
Diluted EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	9,925					$	5,424
Interest expense related to Convertible Senior Notes, net of tax		846						1,054
Diluted net income attributable to Turning Point Brands. Inc.	$	10,771					$	6,478
Denominator
Basic weighted average				17,584,241						18,063,259
Convertible Senior Notes				2,625,714						3,211,484
Stock options and restricted stock units				199,988						168,536
				20,409,943	$	0.53				21,443,279	$	0.30

	Six Months Ended June 30,
	2023						2022
					Per						Per
	Income		Shares		Share		Income		Shares		Share
Basic EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	17,522					$	16,422
Denominator
Weighted average				17,556,030	$	1.00				18,159,940	$	0.90
Diluted EPS:
Numerator
Net income attributable to Turning Point Brands, Inc.	$	17,522					$	16,422
Interest expense related to Convertible Senior Notes		1,800						2,108
Diluted net income attributable to Turning Point Brands. Inc.	$	19,322					$	18,530
Denominator
Basic weighted average				17,556,030						18,159,940
Convertible Senior Notes				2,799,434						3,211,484
Stock options and restricted stock units				183,483						231,689
				20,538,947	$	0.94				21,603,113	$	0.86