BBX Capital Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 19 - Earnings Per Common Share

Note 19 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

19. Earnings Per Common Share

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

	*For the Years Ended December 31,*
	*2022*		*2021*			*2020*
Basic and diluted earnings (loss) per common share
Numerator:
Net income (loss)	$	27,642		47,066			(47,090	)
Net loss (income) attributable to noncontrolling interests		378		(155	)		4,803
Net income (loss) available to shareholders	$	28,020		46,911			(42,287	)
Denominator:
Weighted average number of common shares outstanding		15,471		17,840			19,318
Basic earnings (loss) per share:	$	1.81		2.63			(2.19	)
Diluted earnings (loss) per share:
Numerator:
Net income (loss) available to shareholders		28,020		46,911			(42,287	)
Denominator:
Basic weighted average number of common shares outstanding		15,471		17,840			19,318
Effect of dilutive restricted stock awards		37		—			—
Diluted weighted average number of common shares outstanding		15,508		17,840			19,318
Diluted earnings (loss) per common share:	$	1.81		2.63			(2.19	)

For periods prior to the spin-off on September 30, 2020, the weighted average shares outstanding was based on the number of shares issued in connection with the spin-off, while for periods subsequent to spin-off, the weighted average shares outstanding is based on the actual weighted average number of shares outstanding.

No restricted stock awards were outstanding during the years ended December 31, 2021 and 2020.