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Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2019
Income (Loss) Per Share [Abstract]  
Income (Loss) Per Share

17. INCOME (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted income (loss) per share:







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,



 

2019

 

 

2018

 

 

2017

Numerator:

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before non-controlling interest and discontinued operations

$

 (2,064)

 

$

 6,762 

 

$

 2,454 

Loss on disposal of discontinued operations (Note 2)

 

 (1,116)

 

 

 -

 

 

 (164)

Loss from discontinued operations, net of income taxes (Note 2)

 

 (597)

 

 

 (1,215)

 

 

 (1,170)

Net income (loss)

 

 (3,777)

 

 

 5,547 

 

 

 1,120 

Less: Loss allocated to non-controlling interest

 

 -

 

 

 -

 

 

 (938)

Net income (loss) attributable to IntriCon shareholders

$

 (3,777)

 

$

 5,547 

 

$

 2,058 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Basic – weighted shares outstanding

 

 8,748 

 

 

 7,599 

 

 

 6,852 

Weighted shares assumed upon exercise of stock awards

 

 -

 

 

 1,031 

 

 

 455 

Diluted – weighted shares outstanding

 

 8,748 

 

 

 8,630 

 

 

 7,307 



 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to IntriCon shareholders:

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.23)

 

$

 0.89 

 

$

 0.50 

Discontinued operations

 

 (0.20)

 

 

 (0.16)

 

 

 (0.20)

Net income (loss) per share:

$

 (0.43)

 

$

 0.73 

 

$

 0.30 



 

 

 

 

 

 

 

 

Diluted income (loss) per share attributable to IntriCon shareholders:

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.23)

 

$

 0.78 

 

$

 0.46 

Discontinued operations

 

 (0.20)

 

 

 (0.14)

 

 

 (0.18)

Net income (loss) per share:

$

 (0.43)

 

$

 0.64 

 

$

 0.28 



The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive awards. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock method when computing the diluted earnings per share. Shares represented by RSUs are also included in the dilution calculation.

The Company excluded all stock options in 2019 from the computation of the diluted income per share because their effect would be anti-dilutive due to the Company’s net loss for the year.  The Company excluded in the money stock options of 5 and 28 in 2018 and 2017, respectively, from the computation of the diluted income per share because their effect would be anti-dilutive. For additional disclosures regarding the stock options, see Note 16.