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Note 11 - Earnings Per Share ("EPS") | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator for EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 90 |  |  | $ | 130 |  |  | $ | 294 |  |  | $ | 185 |
Less: Net income from continuing operations attributable to non-controlling interests |  |  | 18 |  |  |  | 22 |  |  |  | 64 |  |  |  | 22 |
Income attributable to LGL Group common shareholders from continuing operations |  |  | 72 |  |  |  | 108 |  |  |  | 230 |  |  |  | 163 |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (28 | )
Net income attributable to LGL Group common stockholders |  | $ | 72 |  |  | $ | 108 |  |  | $ | 230 |  |  | $ | 135 |
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 |  |  | 172,266 |  |  |  | 2,069 |  |  |  | 183,915 |  |  |  | — |
Restricted stock |  |  | 6,766 |  |  |  | — |  |  |  | 6,943 |  |  |  | — |
Weighted average common shares outstanding - diluted |  |  | 5,531,969 |  |  |  | 5,355,006 |  |  |  | 5,543,795 |  |  |  | 5,352,937 |
Income per common share attributable to LGL Group common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | 0.03 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.01 | )
Net income attributable to LGL Group common stockholders |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | 0.03 |
Diluted (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | 0.03 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.01 | )
Net income attributable to LGL Group common stockholders |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | 0.03 |
(a) | For the nine months ended September 30, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock because the effect of including those common shares in the calculation would have been anti-dilutive.
(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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