Ashford Inc Just Filed Its Quarterly Report: Income (Loss) Per Sh...

Income (Loss) Per Share
The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Net income (loss) attributable to common stockholders – basic and diluted:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company
$
112

 
$
8,960

 
$
822

 
$
3,237

Less: Dividends on preferred stock and amortization
(3,275
)
 

 
(6,558
)
 

Less: Undistributed net (income) allocated to unvested shares

 
(38
)
 

 
(14
)
Undistributed net income (loss) allocated to common stockholders
(3,163
)
 
8,922

 
(5,736
)
 
3,223

Distributed and undistributed net income (loss) - basic
$
(3,163
)
 
$
8,922

 
$
(5,736
)
 
$
3,223

Effect of deferred compensation plan
(4,817
)
 
(6,375
)
 
(4,077
)
 
(5,814
)
Effect of incremental subsidiary shares
(171
)
 
(223
)
 
(373
)
 
(505
)
Distributed and undistributed net income (loss) - diluted
$
(8,151
)
 
$
2,324

 
$
(10,186
)
 
$
(3,096
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
2,462

 
2,095

 
2,441

 
2,094

Effect of deferred compensation plan shares
203

 
206

 
101

 
103

Effect of incremental subsidiary shares
52

 
26

 
41

 
22

Effect of assumed exercise of stock options

 
160

 

 

Weighted average common shares outstanding – diluted
2,717

 
2,487

 
2,583

 
2,219

 
 
 
 
 
 
 
 
Income (loss) per share – basic:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(1.28
)
 
$
4.26

 
$
(2.35
)
 
$
1.54

Income (loss) per share – diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(3.00
)
 
$
0.93

 
$
(3.94
)
 
$
(1.40
)

Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
 
 
Net income (loss) attributable to unvested restricted shares
$

 
$
38

 
$

 
$
14

Net income (loss) attributable to redeemable noncontrolling interests in Ashford Holdings
(6
)
 
18

 
(10
)
 
6

Net income (loss) attributable to redeemable noncontrolling interests in subsidiary common stock
(133
)
 
295

 
94

 
650

Dividends on preferred stock and amortization
3,275

 

 
6,558

 

Total
$
3,136

 
$
351

 
$
6,642

 
$
670

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
 
 
Effect of unvested restricted shares
11

 
9

 
10

 
9

Effect of assumed exercise of stock options
16

 

 
40

 
197

Effect of assumed conversion of Ashford Holdings units
4

 
4

 
4

 
4

Effect of incremental subsidiary shares
72

 
50

 
59

 
38

Effect of assumed conversion of preferred stock
1,450

 

 
1,450

 

Total
1,553

 
63

 
1,563

 
248

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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