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Income Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Income Per Share

7. Income Per Share

 

Basic income per share is calculated based on the weighted-average number of outstanding common shares during the applicable period. Diluted income per share is based on the weighted-average number of outstanding common shares plus the weighted-average number of potential outstanding common shares. In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive earnings per share. The following table reconciles the income and average share amounts used to compute both basic and diluted income per share:

 

(Amounts in Thousands, Except for Per Share Amounts)  2021   2020   2021   2020 
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   (Unaudited)   (Unaudited) 
(Amounts in Thousands, Except for Per Share Amounts)  2021   2020   2021   2020 
Net income attributable to Perma-Fix Environmental Services, Inc., common stockholders:                    
Income from continuing operations, net of taxes  $1,381    1,481    3,464    3,049 
Net loss attributable to non-controlling interest   (64)   (32)   (123)   (87)
Income from continuing operations attributable to Perma-Fix Environmental Services, Inc. common stockholders  $1,445   $1,513   $3,587   $3,136 
Loss from discontinuing operations attributable to Perma-Fix Environmental Services, Inc. common stockholders   (43)   (67)   (285)   (266)
Net income attributable to Perma-Fix Environmental Services, Inc. common stockholders  $1,402   $1,446   $3,302   $2,870 
                     
Basic income per share attributable to Perma-Fix Environmental Services, Inc. common stockholders  $.11   $.12   $.27   $.24 
                     
Diluted income per share attributable to Perma-Fix Environmental Services, Inc. common stockholders  $.11   $.12   $.27   $.23 
                     
Weighted average shares outstanding:                    
Basic weighted average shares outstanding   12,198    12,145    12,181    12,134 
Add: dilutive effect of stock options   183    201    206    181 
Add: dilutive effect of warrant   25    25    29    22 
Diluted weighted average shares outstanding   12,406    12,371    12,416    12,337 
                     
Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect include:                    
Stock options   30    30    30    42 
Warrant   

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As disclosed in “Note 15 – Common Stock Subscription Agreement,” the Company entered into subscription agreements for the sale of an aggregate of 1,000,000 shares of the Company’s Common Stock in a registered direct offering during the third quarter of 2021 and completed during the first part of October 2021. The above earnings per share calculation does not include 900,000 shares of the Common Stock as these shares were issued and became outstanding in October 2021.