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Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per ShareBasic net income (loss) per share is computed using the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by adjusting the weighted-average number of common shares outstanding for the effect of dilutive potential common shares outstanding during the period. Potential common shares included in the diluted calculation consist of incremental shares issuable upon the exercise of outstanding stock options calculated using the treasury stock method.

The following table sets forth the calculation of basic and diluted net income per share (in thousands, except per share amounts):

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
			2020						2019						2020						2019
Numerator:
Net income (loss) attributable to Travelzoo—continuing operations			$	(1,121)					$	2,564					$	(10,206)					$	10,567
Net income (loss) attributable to Travelzoo—discontinued operations			$	(230)					$	(2,258)					$	(3,944)					$	(5,813)
Denominator:
Weighted average common shares—basic			11,310						11,767						11,353						11,894
Effect of dilutive securities: stock options			—						189						—						258
Weighted average common shares—diluted			11,310						11,956						11,353						12,152
Income (loss) per share—basic
Continuing operations			$	(0.10)					$	0.22					$	(0.90)					$	0.89
Discontinued operations			(0.02)						(0.19)						(0.35)						(0.49)
Net income (loss) per share —basic			$	(0.12)					$	0.03					$	(1.25)					$	0.40
Income (loss) per share—diluted
Continuing operations			$	(0.10)					$	0.21					$	(0.90)					$	0.87
Discontinued operations			(0.02)						(0.19)						(0.35)						(0.49)
Net income (loss) per share—diluted			$	(0.12)					$	0.03					$	(1.25)					$	0.39

For the three and nine months ended September 30, 2020, options to purchase 3.4 million shares of common stock were not included in the computation of diluted net income per share because of the net loss. For the three and nine months ended September 30, 2019, options to purchase 1.1 million shares of common stock were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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