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Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

9.    Earnings (Loss) Per Share

Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive. The following table is a reconciliation of the numerator and denominator of the basic and diluted net income (loss) per share computations for the three and six months ended June 30, 2022:

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Three Months Ended

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Six Months Ended

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June 30,

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June 30,

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2022

2021

2022

2021

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Numerator:

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Net income (loss) attributable to Xcel Brands, Inc. stockholders (in thousands)

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$

9,490

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$

(1,558)

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$

6,003

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$

(4,105)

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Denominator:

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Basic weighted average number of shares outstanding

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19,677,243

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19,449,116

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19,624,474

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19,355,795

Add: Effect of warrants

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657

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—

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639

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—

Add: Effect of stock options

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136,548

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—

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131,662

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—

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Diluted weighted average number of shares outstanding

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19,814,448

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19,449,116

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19,756,775

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19,355,795

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Basic net income (loss) per share

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$

0.48

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$

(0.08)

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$

0.31

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$

(0.21)

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Diluted net income (loss) per share

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$

0.48

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$

(0.08)

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$

0.30

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$

(0.21)

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As a result of the net loss for the prior year quarter and prior year six months, the Company calculated diluted EPS using basic weighted average shares outstanding for such periods, as utilizing diluted shares would be anti-dilutive to loss per share.

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The computation of basic and diluted earnings (loss) per share excludes the following potentially dilutive securities because their inclusion would be anti-dilutive:  

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​	​	​	​	​	​	​	​	​	​
​		Three Months Ended			​	Six Months Ended			​
​		June 30,			​	June 30,			​
​		2022		2021		2022		2021	​
Stock options	​	5,781,890	​	5,847,825	​	5,781,890	​	5,847,825	​
Warrants	​	116,065	​	579,815	​	116,065	​	579,815	​
Total	​	5,897,955		6,427,640	​	5,897,955		6,427,640

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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