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Note 11 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. 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)

 

2024

 

2023

Numerator for EPS:

        

Income from continuing operations

 $522  $345 

Less: Net income from continuing operations attributable to non-controlling interests

  90   48 

Income attributable to LGL Group common stockholders from continuing operations

  432   297 

(Loss) income from discontinued operations, net of tax

  —   (28)

Net income attributable to LGL Group common stockholders

 $432  $269 
         

Denominator for EPS:

        

Weighted average common shares outstanding - basic

  5,352,937   5,352,937 

Dilutive effects (a):

        

Warrants

  192,310   — 

Restricted stock

  8,576   — 

Weighted average common shares outstanding - diluted

  5,553,823   5,352,937 
         

Income (loss) per common share attributable to LGL Group common stockholders:

        

Basic:

        

Income from continuing operations

 $0.08  $0.06 

(Loss) income from discontinued operations

  —   (0.01)

Net income attributable to LGL Group common stockholders

 $0.08  $0.05 
         

Diluted:

        

Income from continuing operations

 $0.08  $0.06 

(Loss) income from discontinued operations

  —   (0.01)

Net income attributable to LGL Group common stockholders

 $0.08  $0.05 

(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 20,117 shares from restricted stock awards as the inclusion of these instruments would be antidilutive to the earnings per share calculation. For more information on the warrants and restricted stock, refer to Note 10 - Stockholders' Equity and Note 9 - Stock-Based Compensation, respectively, to these Consolidated Financial Statements.