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Note 12 - Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | 12. Earnings per Common Share The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
|  | Year Ended December 31,
(in thousands, except for share data) |  | 2023 |  | 2022
Numerator for EPS: |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 345 |  |  | $ | (4,877 | )
Less: Net income from continuing operations attributable to non-controlling interests |  |  | 48 |  |  |  | — |
Income (loss) attributable to LGL Group common stockholders from continuing operations |  |  | 297 |  |  |  | (4,877 | )
(Loss) income from discontinued operations, net of tax |  |  | (28 | ) |  |  | 1,885 |
Net income (loss) attributable to LGL Group common stockholders |  | $ | 269 |  |  | $ | (2,992 | )
Denominator for EPS: |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  |  | 5,352,937 |  |  |  | 5,338,417 |
Dilutive effects (a): |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 45,249 |
Weighted average common shares outstanding - diluted |  |  | 5,352,937 |  |  |  | 5,383,666 |
Income (loss) per common share attributable to LGL Group common stockholders: |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.06 |  |  | $ | (0.91 | )
(Loss) income from discontinued operations |  |  | (0.01 | ) |  |  | 0.35 |
Net income (loss) attributable to LGL Group common stockholders |  | $ | 0.05 |  |  | $ | (0.56 | )
Diluted: |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.06 |  |  | $ | (0.91 | )
(Loss) income from discontinued operations |  |  | (0.01 | ) |  |  | 0.35 |
Net income (loss) attributable to LGL Group common stockholders |  | $ | 0.05 |  |  | $ | (0.56 | )
(a) | For the year ended December 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock as well as 20,118 shares from restricted stock awards. For the year ended December 31, 2022, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock. For both the years ended December 31, 2023 and 2022, the inclusion of these instruments would be antidilutive to the earnings per share calculations. For more information on the warrants, restricted stock awards, and stock options, refer to Note 11 - Stockholders' Equity to these Consolidated Financial Statements.

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