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

Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2023		2022		2023		2022
Numerator:
Net income (loss) from continuing operations	$	(12,769)	$	3,105	$	(18,466)	$	23,934
Net loss from discontinued operations	$	(5,163)	$	(2,481)	$	(19,301)	$	(1,993)
Net income (loss)	$	(17,932)	$	624	$	(37,767)	$	21,941
Denominator:
Weighted-average common shares outstanding	10,135		10,253		10,151		10,235
Effect of dilutive securities:
Employee stock options and stock grants	—		212		—		172
Weighted-average common shares, as adjusted	10,135		10,465		10,151		10,407

Net income (loss) per share from continuing operations:
Basic	$	(1.26)	$	0.30	$	(1.82)	$	2.34
Diluted	$	(1.26)	$	0.30	$	(1.82)	$	2.30

Net loss per share from discontinued operations:
Basic	$	(0.51)	$	(0.24)	$	(1.90)	$	(0.19)
Diluted	$	(0.51)	$	(0.24)	$	(1.90)	$	(0.19)

Net income (loss) per share:
Basic	$	(1.77)	$	0.06	$	(3.72)	$	2.14
Diluted	$	(1.77)	$	0.06	$	(3.72)	$	2.11