Note 11 - Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 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 March 31,
	2024		2023
Numerator for EPS:
Income from continuing operations	$	43	$	185
Less: Net income from continuing operations attributable to non-controlling interests		22		—
Income attributable to LGL Group common shareholders from continuing operations		21		185
Income from discontinued operations, net of tax		—		(28	)
Net income attributable to LGL Group common stockholders	$	21	$	157
Denominator for EPS:
Weighted average common shares outstanding - basic		5,352,937		5,352,937
Dilutive effects (a):
Warrants		246,422		—
Restricted stock		5,071		—
Weighted average common shares outstanding - diluted		5,604,430		5,352,937
Income per common share attributable to LGL Group common stockholders:
Basic (b):
Income from continuing operations	$	0.00	$	0.03
Income from discontinued operations		—		(0.01	)
Net income attributable to LGL Group common stockholders	$	0.00	$	0.03
Diluted (b):
Income from continuing operations	$	0.00	$	0.03
Income from discontinued operations		—		(0.01	)
Net income attributable to LGL Group common stockholders	$	0.00	$	0.03

^(a) For the three months ended March 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock.

^(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.