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Note 15 - Income Per Share | 6 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 15. Income Per Share The Company calculates earnings per share using the treasury stock method for its options and non-vested restricted stock units, and the if-converted method for its Convertible Senior Notes. 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, |
|  | 2025 |  |  | 2024 |
|  |  |  |  |  |  |  |  |  | Per |  |  |  |  |  |  |  |  |  |  | Per |
|  | Income |  |  | Shares |  |  | Share |  |  | Income |  |  | Shares |  |  | Share |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations less non-controlling interest |  | $ | 14,480 |  |  |  |  |  |  | $ | 0.81 |  |  | $ | 13,048 |  |  |  |  |  |  | $ | 0.74 |
Loss from discontinued operations, net of tax |  |  | - |  |  |  |  |  |  |  | - |  |  |  | (41 | ) |  |  |  |  |  |  | - |
Net income attributable to Turning Point Brands, Inc. |  | $ | 14,480 |  |  |  |  |  |  | $ | 0.81 |  |  | $ | 13,007 |  |  |  |  |  |  | $ | 0.74 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average |  |  |  |  |  |  | 17,920,567 |  |  |  |  |  |  |  |  |  |  |  | 17,656,732 |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations less non-controlling interest |  | $ | 14,480 |  |  |  |  |  |  |  |  |  |  | $ | 13,048 |  |  |  |  |  |  |  |  |
Interest expense related to Convertible Senior Notes, net of tax |  |  | - |  |  |  |  |  |  |  |  |  |  |  | 731 |  |  |  |  |  |  |  |  |
Diluted income from continuing operations |  |  | 14,480 |  |  |  |  |  |  | $ | 0.79 |  |  |  | 13,779 |  |  |  |  |  |  | $ | 0.68 |
Loss from discontinued operations, net of tax |  |  | - |  |  |  |  |  |  |  | - |  |  |  | (41 | ) |  |  |  |  |  |  | - |
Diluted net income |  | $ | 14,480 |  |  |  |  |  |  | $ | 0.79 |  |  | $ | 13,738 |  |  |  |  |  |  | $ | 0.68 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average |  |  |  |  |  |  | 17,920,567 |  |  |  |  |  |  |  |  |  |  |  | 17,656,732 |  |  |  |  |
Convertible Senior Notes |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  | 2,220,057 |  |  |  |  |
Stock options and restricted stock units (1) |  |  |  |  |  |  | 401,346 |  |  |  |  |  |  |  |  |  |  |  | 280,065 |  |  |  |  |
|  |  |  |  |  |  | 18,321,913 |  |  |  |  |  |  |  |  |  |  |  | 20,156,854 |  |  |  |  |
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
|  |  |  |  |  |  |  |  |  | Per |  |  |  |  |  |  |  |  |  |  | Per |
|  | Income |  |  | Shares |  |  | Share |  |  | Income |  |  | Shares |  |  | Share |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations less non-controlling interest |  | $ | 28,875 |  |  |  |  |  |  | $ | 1.62 |  |  | $ | 25,060 |  |  |  |  |  |  | $ | 1.42 |
Loss from discontinued operations, net of tax |  |  | - |  |  |  |  |  |  |  | - |  |  |  | (43 | ) |  |  |  |  |  |  | - |
Net income attributable to Turning Point Brands, Inc. |  | $ | 28,875 |  |  |  |  |  |  | $ | 1.62 |  |  | $ | 25,017 |  |  |  |  |  |  | $ | 1.42 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average |  |  |  |  |  |  | 17,854,667 |  |  |  |  |  |  |  |  |  |  |  | 17,655,713 |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations less non-controlling interest |  | $ | 28,875 |  |  |  |  |  |  |  |  |  |  | $ | 25,060 |  |  |  |  |  |  |  |  |
Interest expense related to Convertible Senior Notes, net of tax |  |  | - |  |  |  |  |  |  |  |  |  |  |  | 1,428 |  |  |  |  |  |  |  |  |
Diluted income from continuing operations |  |  | 28,875 |  |  |  |  |  |  | $ | 1.58 |  |  |  | 26,488 |  |  |  |  |  |  | $ | 1.31 |
Loss from discontinued operations, net of tax |  |  | - |  |  |  |  |  |  |  | - |  |  |  | (43 | ) |  |  |  |  |  |  | - |
Diluted net income |  | $ | 28,875 |  |  |  |  |  |  | $ | 1.58 |  |  | $ | 26,445 |  |  |  |  |  |  | $ | 1.31 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average |  |  |  |  |  |  | 17,854,667 |  |  |  |  |  |  |  |  |  |  |  | 17,655,713 |  |  |  |  |
Convertible Senior Notes |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  | 2,219,038 |  |  |  |  |
Stock options and restricted stock units (1) |  |  |  |  |  |  | 396,126 |  |  |  |  |  |  |  |  |  |  |  | 285,388 |  |  |  |  |
|  |  |  |  |  |  | 18,250,793 |  |  |  |  |  |  |  |  |  |  |  | 20,160,139 |  |  |  |  |
(1) | There were outstanding stock options of 0.0 million and 0.2 million for the three months ended June 30, 2025 and 2024, respectively, and 0.0 million and 0.3 million for the six months ended June 30, 2025 and 2024, respectively, not included in the computation of diluted earnings per share because the effect would have been antidilutive.

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