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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after giving effect to all dilutive potential common shares outstanding during the period. Remeasurements to the carrying value of the redeemable noncontrolling interests in equity of subsidiaries are not deemed to be a dividend. According to ASC 480 - Distinguishing Liabilities from Equity, there is no impact on earnings per share in the computation of basic and diluted earnings per share to common shareholders for changes in the carrying value of the redeemable noncontrolling interests in equity, when such changes in carrying value which in substance approximates fair value. Potential common shares that were not included in the computation of diluted loss per share because the effect was antidilutive was 2,781,112 as of June 30, 2024. Securities that could potentially dilute basic net income per share in the future that were not included in the computation of diluted net income per share as the effect would be anti-dilutive were 1,985,442 and 1,992,357 during the three and six months ended June 30, 2023, respectively, because to do so would have been anti-dilutive. Basic and diluted earnings per share were calculated as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net (loss) income attributable to B. Riley Financial, Inc. | $ | (433,604) |  |  | $ | 46,381 |  |  | $ | (482,769) |  |  | $ | 63,536 |
Preferred stock dividends | (2,015) |  |  | (2,015) |  |  | (4,030) |  |  | (4,027) |
Net (loss) income available to common shareholders | $ | (435,619) |  |  | $ | 44,366 |  |  | $ | (486,799) |  |  | $ | 59,509 |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Basic | 30,352,054 |  |  | 28,239,116 |  |  | 30,170,819 |  |  | 28,411,270 |
Effect of dilutive potential common shares: |  |  |  |  |  |  |
Restricted stock units and warrants | — |  |  | 415,130 |  |  | — |  |  | 671,615 |
Diluted | 30,352,054 |  |  | 28,654,246 |  |  | 30,170,819 |  |  | 29,082,885 |
Basic (loss) income per common share | $ | (14.35) |  |  | $ | 1.57 |  |  | $ | (16.13) |  |  | $ | 2.09 |
Diluted (loss) income per common share | $ | (14.35) |  |  | $ | 1.55 |  |  | $ | (16.13) |  |  | $ | 2.05 |

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- 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
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