XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 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 (loss) income per share computations for the three and nine months ended September 30, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021 | ​
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income attributable to Xcel Brands, Inc. stockholders (in thousands) | ​ | $ | (4,042) | ​ | $ | (1,136) | ​ | $ | 1,961 | ​ | $ | (5,241) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic weighted average number of shares outstanding |  | ​ | 19,624,860 |  | ​ | 19,541,774 | ​ | ​ | 19,624,604 |  | ​ | 19,418,469 |
Add: Effect of warrants |  | ​ | — |  | ​ | — | ​ | ​ | 620 |  | ​ | — |
Add: Effect of stock options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 127,115 | ​ | ​ | — | ​
Diluted weighted average number of shares outstanding |  | ​ | 19,624,860 |  | ​ | 19,541,774 | ​ | ​ | 19,752,339 |  | ​ | 19,418,469 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic net (loss) income per share | ​ | $ | (0.21) | ​ | $ | (0.06) | ​ | $ | 0.10 | ​ | $ | (0.27) | ​
Diluted net (loss) income per share | ​ | $ | (0.21) | ​ | $ | (0.06) | ​ | $ | 0.10 | ​ | $ | (0.27) | ​
​ As a result of the net loss for the current quarter, prior year quarter, and prior year nine 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. ​ The computation of diluted EPS excludes the following potentially dilutive securities because their inclusion would be anti-dilutive: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Nine Months Ended | ​
​ |  | September 30, | ​ | September 30, | ​
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021 | ​
Stock options | ​ | 5,761,890 | ​ | 5,810,945 | ​ | 5,514,140 | ​ | 5,810,945 | ​
Warrants | ​ | 116,065 | ​ | 116,065 | ​ | 115,000 | ​ | 116,065 | ​
Total | ​ | 5,877,955 |  | 5,927,010 | ​ | 5,629,140 |  | 5,927,010 |
​

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration