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Earnings Per Share of Common Stock

6 Months Ended

Jun. 30, 2022

Earnings Per Share of Common Stock [Abstract]

Earnings Per Share of Common Stock

NOTE (3) – Earnings Per Share of Common Stock

Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period.  The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock.  ESOP shares are considered outstanding for this calculation unless unearned.  Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options.

 The following table shows how the Company computed basic and diluted earnings (loss) per share of common stock for the periods indicated: 

		For the three months ended June 30,								For the six months ended June 30,
		2022				2021				2022				2021
		(Dollars in thousands, except per share)
Net income (loss) attributable to Broadway Financial Corporation		$	1,854			$	701			$	2,812			$	(2,786	)
Less net income (loss) attributable to participating securities			12				-				18				-
Income (loss) available to common stockholders		$	1,842			$	701			$	2,794			$	(2,786	)
Weighted average common shares outstanding for basic earnings (loss) per common share			72,527,974				70,163,639				72,292,735				48,873,496
Add: dilutive effects of unvested restricted stock awards			461,047				140,247				467,890				-
Add: dilutive effects of assumed exercise of stock options			-				-				7,982				-
Weighted average common shares outstanding for diluted earnings (loss) per common share			72,989,021				70,303,886				72,768,607				48,873,496
Earnings (loss) per common share - basic		$	0.03			$	0.01			$	0.04			$	(0.06	)
Earnings (loss) per common share - diluted		$	0.03			$	0.01			$	0.04			$	(0.06	)

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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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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