Earnings Per Share

9 Months Ended

Sep. 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 September 30,					Nine months ended September 30,
	2019		2020			2019		2020
Basic income (loss) per share
Numerator
Net income (loss)	$	3,043,899	$	(2,385,398	)	$	8,666,163	$	(28,956,920	)

Denominator
Basic weighted shares outstanding		27,781,412		29,154,148			27,706,759		28,362,512

Net income (loss) per share — basic	$	0.11	$	(0.08	)	$	0.31	$	(1.02	)

Diluted income (loss) per share
Numerator
Net income (loss)	$	3,043,899	$	(2,385,398	)	$	8,666,163	$	(28,956,920	)

Denominator
Basic weighted shares outstanding		27,781,412		29,154,148			27,706,759		28,362,512
Effect of restricted stock and restricted stock units under the treasury stock method		101,062		—			121,557		—

Diluted weighted shares outstanding		27,882,474		29,154,148			27,828,316		28,362,512

Net income (loss) per share — diluted	$	0.11	$	(0.08	)	$	0.31	$	(1.02	)

The Company excluded the effect of restrictive stock and

restricted stock units

under the treasury stock method as the addition of shares were anti-dilutive when reporting a net loss. The number of shares excluded were 44,490 and 70,245 for the three and nine months ended September 30, 2020, respectively.