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Net Income Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic 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 EndedNine Months Ended
 September 30,September 30,
 2025202420252024
Numerator:
Net income attributable to Travelzoo$150 $3,184 $4,720 $10,347 
Denominator:
Weighted average common shares—basic10,987 12,176 11,585 12,851 
Effect of dilutive securities: stock options226 210 389 184 
Weighted average common shares—diluted11,213 12,386 11,974 13,035 
Net income per share —basic$0.01 $0.26 $0.41 $0.81 
Net income per share—diluted$0.01 $0.26 $0.39 $0.79 
For the three months ended September 30, 2024, options to purchase 612,500 shares of common stock were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.  No options were excluded for the three months ended September 30, 2025.