XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Note 2 - Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 2—EARNINGS PER SHARE Earnings (loss) per Common Share Earnings (loss) per common share is computed using the two-class method related to its Series A Redeemable Convertible Preferred Stock, par value of $0.0001 (“Preferred Stock”). Under the two-class method, undistributed earnings available to stockholders for the period are allocated on a pro rata basis to the common stockholders and to the holders of the Preferred Stock based on the weighted average number of common shares outstanding and number of shares that could be issued upon conversion of the Preferred Stock. Diluted earnings per share is computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the dilutive incremental common shares associated with restricted stock awards and shares issuable upon the exercise of stock options, using the treasury stock method, and the potential common shares that could be issued from conversion of the Preferred Stock, using the if-converted method. When a net loss occurs, potential common shares have an anti-dilutive effect on earnings per share and such shares are excluded from the diluted earnings per share calculation. For the three months ended March 31, 2024 and 2023, the Company incurred net losses available to stockholders, therefore basic and diluted net loss per share are the same in each respective period. For the three months ended March 31, 2024, 0.8 million unvested restricted shares, 2.2 million shares issuable upon exercise of options and 8.1 million common shares issuable upon the conversion of the Preferred Stock were excluded from the calculation of dilutive potential common shares for the period as they were anti-dilutive. For the three months ended March 31, 2023, 0.8 million unvested restricted shares, 1.9 million shares issuable upon exercise of options and 7.6 million common shares issuable upon the conversion of the Preferred Stock were excluded from the calculation of dilutive potential common shares for the period as they were anti-dilutive. Earnings (loss) per share was calculated as follows:
|  | For the three months ended March 31, |
|  | 2024 |  |  | 2023 |
|  | (unaudited) |
(In thousands, except share and per share data) |  |  |  |  |  |  |  |
Net (loss) income attributable to Lindblad Expeditions Holdings, Inc. |  | $ | (3,979 | ) |  | $ | 621 |
Series A redeemable convertible preferred stock dividend |  |  | 1,136 |  |  |  | 1,069 |
Undistributed loss available to stockholders |  | $ | (5,115 | ) |  | $ | (448 | )
Weighted average shares outstanding: |  |  |  |  |  |  |  |
Total weighted average shares outstanding, basic |  |  | 53,372,171 |  |  |  | 53,128,100 |
Total weighted average shares outstanding, diluted |  |  | 53,372,171 |  |  |  | 53,128,100 |
Undistributed loss per share available to stockholders: |  |  |  |  |  |  |  |
Basic |  | $ | (0.10 | ) |  | $ | (0.01 | )
Diluted |  | $ | (0.10 | ) |  | $ | (0.01 | )

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration