Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share 10. Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to BBX Capital’s shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed in the same manner as basic earnings per share but also reflects potential dilution that could occur if restricted stock awards issued by BBX Capital were vested. Common restricted stock awards, if dilutive, are considered in the weighted average number of dilutive common shares outstanding based on the treasury stock method.

The table below sets forth the computation of basic and diluted earnings per common share (in thousands, except per share data):

For the Three Months Ended

March 31,

2022

2021

Basic (loss) earnings per common share

Numerator:

Net (loss) income

$

(1,926)

2,455

Noncontrolling interests net loss (income)

110

(110)

Net (loss) income available to common shareholders

$

(1,816)

2,345

Denominator:

Basic weighted average number of common shares outstanding

15,475

19,282

Basic (loss) earnings per common share

$

(0.12)

0.12

Diluted (loss) earnings per common share

Numerator:

Net (loss) income available to common shareholders

$

(1,816)

2,345

Denominator:

Basic weighted average number of common shares outstanding

15,475

19,282

Effect of dilutive stock-based compensation

—

—

Diluted weighted average number of common shares outstanding

15,475

19,282

Diluted (loss) earnings per common share

$

(0.12)

0.12

During the three month ended March 31, 2022, 776,552 of outstanding unvested restricted stock awards were anti-dilutive and not included in the computation of diluted earnings per share. There were no restricted stock awards outstanding during the three months ended March 31, 2021.