Earnings Per Share

6 Months Ended

Jun. 30, 2021

(9)	Earnings Per Share

Earnings

per share calculation information is as follows:


	Three months ended June 30,				Six months ended June 30,
	2020		2021		2020		2021
Net income (loss) attributable to BBGI stockholders	$	(17,734,961)	$	187,694	$	(26,571,522)	$	(10,367,698)

Weighted-average shares outstanding:
Basic		27,977,113		29,235,009		27,962,345		29,268,717
Effect of dilutive restricted stock units and restricted stock		—		89,605		—		—

Diluted		27,977,113		29,324,614		27,962,345		29,268,717

Net income (loss) attributable to BBGI stockholders per Class A and Class B common share – basic and diluted	$	(0.63)	$	0.01	$	(0.95)	$	(0.35)

The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss

the addition

of shares

was anti-dilutive. The Company

exclude

34,374

hares

for the three months ended June 30, 2020, and

42,441

shares and

77,908

shares for

the six months ended June 30, 2020 and 2021, 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

was

anti-dilutive when reporting the net loss for the three and six months ended June 30, 2020.