XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Net Income Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per ShareBasic net income 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,
 20232022
Numerator:
Net income attributable to Travelzoo—continuing operations$3,675 $2,370 
Net loss attributable to Travelzoo—discontinued operations$(2)$(11)
Denominator:
Weighted average common shares—basic15,697 12,056 
Effect of dilutive securities: stock options82 488 
Weighted average common shares—diluted15,779 12,544 
Income (loss) per share—basic
Continuing operations$0.23 $0.20 
Discontinued operations— — 
Net income (loss) per share —basic$0.23 $0.20 
Income (loss) per share—diluted
Continuing operations$0.23 $0.19 
Discontinued operations— — 
Net income (loss) per share—diluted$0.23 $0.19 
For the three months ended March 31, 2023 and 2022, options to purchase 950,000 shares and 50,000 shares of common stock, respectively, were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.