Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2021

Basic 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 (loss) per share (in thousands, except per share amounts):


	Three Months Ended
	March 31,
	2021		2020
Numerator:
Net loss attributable to Travelzoo—continuing operations	$	(1,627)	$	(3,690)
Net loss attributable to Travelzoo—discontinued operations	$	(15)	$	(2,919)
Denominator:
Weighted average common shares—basic	11,391		11,439
Effect of dilutive securities: stock options	—		—
Weighted average common shares—diluted	11,391		11,439

Loss per share—basic
Continuing operations	$	(0.14)	$	(0.32)
Discontinued operations	—		(0.26)
Net loss per share —basic	$	(0.14)	$	(0.58)

Loss per share—diluted
Continuing operations	$	(0.14)	$	(0.32)
Discontinued operations	—		(0.26)
Net loss per share—diluted	$	(0.14)	$	(0.58)

For the three months ended March 31, 2021 and 2020, options to purchase 2.8 million shares and 700,000 shares of common stock, respectively, were not included in the computation of diluted net loss per share because the effect would have been anti-dilutive.