XML 23 R10.htm IDEA: XBRL DOCUMENT v3.23.2
Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2022
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 (loss) per share (in thousands, except per share amounts):
 
 Year Ended December 31,
 20222021
Numerator:
Net income attributable to Travelzoo—continuing operations$6,693 $924 
Net loss attributable to Travelzoo—discontinued operations(59)(13)
Denominator:
Weighted average common shares—basic12,372 11,646 
Effect of dilutive securities: stock options189 1,345 
Weighted average common shares—diluted12,561 12,991 
Income (loss) per share—basic
Continuing operations$0.54 $0.08 
Discontinued operations— — 
Net income (loss) per share —basic$0.54 $0.08 
Income (loss) per share—diluted
Continuing operations$0.53 $0.07 
Discontinued operations— — 
Net income (loss) per share—diluted$0.53 $0.07 
For the year ended December 31, 2022, options to purchase 750,000 shares of common stock were not included in the computation of diluted net income per share because the effect would have been anti-dilutive. For the year ended December 31, 2021, options to purchase 50,000 shares of common stock were not included in the computation of diluted net income per share because of the net loss