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

Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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)	2023		2022		2023		2022
Numerator:
Net income (loss) from continuing operations	$	(3,748)	$	10,822	$	(5,697)	$	20,829
Net income (loss) from discontinued operations	$	(10,888)	$	235	$	(14,138)	$	488
Net income (loss)	$	(14,636)	$	11,057	$	(19,835)	$	21,317
Denominator:
Weighted-average common shares outstanding	10,170		10,244		10,159		10,226
Effect of dilutive securities:
Employee stock options and stock grants	—		187		—		151
Weighted-average common shares, as adjusted	10,170		10,431		10,159		10,377

Net income (loss) per share from continuing operations:
Basic	$	(0.37)	$	1.06	$	(0.56)	$	2.04
Diluted	$	(0.37)	$	1.04	$	(0.56)	$	2.01

Net income (loss) income per share from discontinued operations:
Basic	$	(1.07)	$	0.02	$	(1.39)	$	0.05
Diluted	$	(1.07)	$	0.02	$	(1.39)	$	0.05

Net income (loss) per share:
Basic	$	(1.44)	$	1.08	$	(1.95)	$	2.08
Diluted	$	(1.44)	$	1.06	$	(1.95)	$	2.05