Earnings Per Share

12 Months Ended

Dec. 31, 2023

EARNINGS (LOSS) PER SHARE:

Basic earnings (loss) per common share is computed by dividing comprehensive income (loss) attributable to Westwood Holdings Group, Inc. by the weighted average number of shares outstanding for the applicable period. Diluted earnings (loss) per share is computed based on the weighted average number of shares outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non-employee directors using the treasury stock method. There were approximately 63,000, 120,000 and 116,000 anti-dilutive restricted shares as of December 31, 2023, 2022 and 2021, respectively, which were excluded from weighted average shares outstanding.

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share and share amounts):


	Years ended December 31,
	2023		2022		2021
Comprehensive income (loss) attributable to Westwood Holdings Group, Inc.	$	9,520	$	(4,628)	$	9,763

Weighted average shares outstanding – basic	7,964,423		7,844,363		7,875,395
Dilutive potential shares from unvested restricted shares	147,716		—		52,577

Weighted average shares outstanding – diluted	8,112,139		7,844,363		7,927,972
Earnings (loss) per share:
Basic	$	1.20	$	(0.59)	$	1.24
Diluted	$	1.17	$	(0.59)	$	1.23