Earnings Per Share

9 Months Ended

Sep. 30, 2022

(10) Earnings Per Share

Earnings per share calculation information is as follows:


	Three months ended September 30,					Nine months ended September 30,
	2021			2022		2021			2022

Net income (loss) attributable to BBGI stockholders	$	(1,620,323	)	$	498,068	$	(11,988,021	)	$	(17,547,579	)

Weighted-average shares outstanding:
Basic		29,254,609			29,546,324		29,263,963			29,445,998
Effect of dilutive restricted stock units and restricted stock		—			169,037		—			—

Diluted		29,254,609			29,715,361		29,263,963			29,445,998

Net income (loss) attributable to BBGI stockholders per Class A and Class B common share – basic and diluted	$	(0.06	)	$	0.02	$	(0.41	)	$	(0.60	)

The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. As a result, the Company excluded 130,195 shares for the three months ended September 30, 2021 and 130,589 shares and 219,222 shares for the nine months ended September 30, 2021 and 2022, respectively.