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

3 Months Ended

Mar. 31, 2021

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


	Three Months Ended March 31,
(in thousands, except per share data)	2021		2020
Numerator:
Net income (loss)	$	1,094	$	(1,178)
Denominator:
Denominator for basic earnings per share - weighted average shares	9,191		9,074
Effect of dilutive securities:
Employee stock options and stock grants	97		—
Denominator for diluted earnings per share - weighted average shares	9,288		9,074









Net income (loss) per share:
Basic	$	0.12	$	(0.13)
Diluted	$	0.12	$	(0.13)

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 months ended March 31, 2021 and 2020, respectively.