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NET INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted net income per share under the two-class method. See Note 1 for additional information related to net income per share.

		Year ended December 31,
		2019				2018
Numerator for basic and diluted net income per Class A common stock and Class B common stock share:
Net income attributable to Taitron Components Inc.		$	773,000			$	1,378,000
Less cash dividends:
Class A common stock		$	620,000			$	508,000
Class B common stock		$	95,000			$	80,000
Total undistributed earnings		$	58,000			$	790,000
Class A common stock undistributed earnings - basic and diluted		$	50,000			$	682,000
Class B common stock undistributed earnings - basic and diluted		$	8,000			$	108,000
Total undistributed earnings - basic and diluted		$	58,000			$	790,000
Numerator for basic and diluted net income per share:
Class A common stock		$	670,000			$	1,190,000
Class B common stock		$	103,000			$	188,000
		$	773,000			$	1,378,000

		Year ended December 31,
		2019				2018
Denominator for basic and diluted net income per Class A common stock and Class B common stock share:
Weighted average number of common shares used in basic income per share (Class A common stock )			4,961,610				4,834,943
Weighted average number of common shares used in basic income per share (Class B common stock )			762,612				762,612
			5,724,222				5,597,555
Weighted average number of common shares used in diluted income per share (Class A common stock )			5,077,610				4,943,943
Weighted average number of common shares used in diluted income per share (Class B common stock )			762,612				762,612
			5,840,222				5,706,555
Basic net income per share:
Class A common stock		$	0.14			$	0.25
Class B common stock		$	0.14			$	0.25
Diluted net income per share:
Class A common stock		$	0.13			$	0.24
Class B common stock		$	0.14			$	0.25

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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