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Note 11 - Earnings Per Share ("EPS") | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 11. Earnings Per Share ("EPS") The following table presents a reconciliation of Net income (loss) and shares used in calculating basis and diluted net income (loss) per common share for the periods indicated:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator for EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 161 |  |  | $ | (130 | ) |  | $ | 204 |  |  | $ | 55 |
Less: Net income from continuing operations attributable to non-controlling interests |  |  | 24 |  |  |  | — |  |  |  | 46 |  |  |  | — |
Income (loss) attributable to LGL Group common shareholders from continuing operations |  |  | 137 |  |  |  | (130 | ) |  |  | 158 |  |  |  | 55 |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (28 | )
Net income (loss) attributable to LGL Group common stockholders |  | $ | 137 |  |  | $ | (130 | ) |  | $ | 158 |  |  | $ | 27 |
Denominator for EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  |  | 5,352,937 |  |  |  | 5,352,937 |  |  |  | 5,352,937 |  |  |  | 5,352,937 |
Dilutive effects (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants |  |  | 125,178 |  |  |  | — |  |  |  | 190,399 |  |  |  | — |
Restricted stock |  |  | 4,428 |  |  |  | — |  |  |  | 5,533 |  |  |  | — |
Weighted average common shares outstanding - diluted |  |  | 5,482,543 |  |  |  | 5,352,937 |  |  |  | 5,548,869 |  |  |  | 5,352,937 |
Income per common share attributable to LGL Group common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.03 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.01 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.01 | )
Net income (loss) attributable to LGL Group common stockholders |  | $ | 0.03 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.01 |
Diluted (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.02 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.01 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.01 | )
Net income (loss) attributable to LGL Group common stockholders |  | $ | 0.02 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.01 |
(a) | For the three and six months ended June 30, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock.
(b) | Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, the components of earnings per share may not sum to its corresponding total.

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