XML 26 R15.htm IDEA: XBRL DOCUMENT

Earnings Per Share

6 Months Ended

Jun. 30, 2020

(9)	Earnings Per Share

The following table presents the computation of net income (loss) attributable to BBGI stockholders per Class A and B common share:


	Three months ended June 30,					Six months ended June 30,
	2019		2020			2019		2020
Basic income (loss) per share
Numerator
Net income (loss)	$	4,269,001	$	(17,734,961	)	$	5,622,264	$	(26,571,522	)

Denominator
Basic weighted shares outstanding		27,776,682		27,977,113			27,668,814		27,962,345

Net income (loss) per share - basic	$	0.15	$	(0.63	)	$	0.20	$	(0.95	)

Diluted income (loss) per share
Numerator
Net income (loss)	$	4,269,001	$	(17,734,961	)	$	5,622,264	$	(26,571,522	)

Denominator
Basic weighted shares outstanding		27,776,682		27,977,113			27,668,814		27,962,345
Effect of restricted stock and RSUs under the treasury stock method		62,257		—			71,677		—

Diluted weighted shares outstanding		27,838,939		27,977,113			27,740,491		27,962,345

Net income (loss) per share - diluted	$	0.15	$	(0.63	)	$	0.20	$	(0.95	)

The Company excluded the effect of restrictive stock and RSUs under the treasury stock method as the addition of shares were anti-dilutive when reporting a net loss. The number of shares excluded were 34,374 and 42,441 for the three and six months ended June 30, 2020, respectively.

In addition, the Company also excluded 1,276,596 shares of Class A common stock issued under the Amended Promissory Note on July 8, 2020 as the addition of shares were anti-dilutive when reporting the net loss for the three and six months ended June 30, 2020. See Note 4 for additional information.