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Earnings Per Share

3 Months Ended

Mar. 31, 2021

(8)	Earnings Per Share

Net loss per share calculation information is as follows:


	Three months ended March 31,
	2020			2021
Net loss attributable to BBGI stockholders	$	(8,836,561	)	$	(10,555,392	)

Weighted-average shares outstanding:
Basic weighted shares outstanding		27,947,577			29,302,799
Effect of dilutive restricted stock units and restricted stock		—			—

Diluted		27,947,577			29,302,799

Net loss per Class A and Class B common share – basic and diluted	$	(0.32	)	$	(0.36	)

The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method as the addition of shares were anti-dilutive when reporting a net loss. The number of shares excluded were 48,577 and 32,166 for the three months ended March 31, 2020 and 2021, respectively.