Ascent Industries Co. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2021

The following table sets forth the computation of basic and diluted earnings (loss) per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2021		2020		2021		2020
Numerator:
Net income (loss)	$	2,886	$	(6,957)	$	3,980	$	(8,135)
Denominator:
Denominator for basic earnings per share - weighted average shares	9,233		9,058		9,212		9,066
Effect of dilutive securities:
Employee stock options and stock grants	98		—		103		—
Denominator for diluted earnings per share - weighted average shares	9,331		9,058		9,315		9,066

Net income (loss) per share:
Basic	$	0.31	$	(0.77)	$	0.43	$	(0.90)
Diluted	$	0.31	$	(0.77)	$	0.43	$	(0.90)

The diluted earnings per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had 0.2 million shares of common stock that were anti-dilutive for the three and six months ended June 30, 2021, respectively. The Company had 0.3 million and 0.2 million shares of common stock that were anti-dilutive for the three and six months ended June 30, 2020, respectively.