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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Net sales $ 650 $ 438 $ 1,573 $ 1,282
Net investment income 531 544 1,568 1,017
Net (losses) gains (2) (4) (6) 384
Total revenues 1,179 978 3,135 2,683
Expenses:        
Manufacturing cost of sales 368 195 786 595
Engineering, selling and administrative 673 584 1,895 1,771
Total expenses 1,041 779 2,681 2,366
Income from continuing operations before income taxes 138 199 454 317
Income tax expense 48 69 160 132
Net income from continuing operations 90 130 294 185
Income (loss) from discontinued operations, net of tax 0 0 0 (28)
Net income 90 130 294 157
Less: Net income attributable to non-controlling interests 18 22 64 22
Net income attributable to LGL Group common stockholders $ 72 $ 108 $ 230 $ 135
Income (loss) per common share attributable to LGL Group common stockholders:        
Income from continuing operations (in dollars per share) [1] $ 0.01 $ 0.02 $ 0.04 $ 0.03
Income (loss) from discontinued operations (in dollars per share) [1] 0 0 0 (0.01)
Net income attributable to LGL Group common stockholders (in dollars per share) [1] 0.01 0.02 0.04 0.03
Diluted (a):        
Income from continuing operations (in dollars per share) [1] 0.01 0.02 0.04 0.03
Income (loss) from discontinued operations (in dollars per share) [1] 0 0 0 (0.01)
Net income attributable to LGL Group common stockholders (in dollars per share) [1] $ 0.01 $ 0.02 $ 0.04 $ 0.03
Weighted average shares outstanding:        
Basic (in shares) 5,352,937 5,352,937 5,352,937 5,352,937
Diluted (in shares) [2] 5,531,969 5,355,006 5,543,795 5,352,937
[1] 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.
[2] For the three and six months ended June 30, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock.