| Income Per Share |
7.
Income Per Share
Basic
income per share is calculated based on the weighted-average number of outstanding common shares during the applicable period. Diluted
income per share is based on the weighted-average number of outstanding common shares plus the weighted-average number of potential outstanding
common shares. In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive earnings per share.
The following table reconciles the income and average share amounts used to compute both basic and diluted income per share:
Schedule of Earnings Per Share, Basic and Diluted
| (Amounts
in Thousands, Except for Per Share Amounts) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
Three
Months Ended |
|
|
Nine
Months Ended |
|
| |
|
September
30, |
|
|
September
30, |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| (Amounts
in Thousands, Except for Per Share Amounts) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Income
from continuing operations, net of taxes |
|
$ |
1,381 |
|
|
|
1,481 |
|
|
|
3,464 |
|
|
|
3,049 |
|
| Net
loss attributable to non-controlling interest |
|
|
(64 |
) |
|
|
(32 |
) |
|
|
(123 |
) |
|
|
(87 |
) |
| Income
from continuing operations attributable to Perma-Fix Environmental Services, Inc. common stockholders |
|
$ |
1,445 |
|
|
$ |
1,513 |
|
|
$ |
3,587 |
|
|
$ |
3,136 |
|
| Loss
from discontinuing operations attributable to Perma-Fix Environmental Services, Inc. common stockholders |
|
|
(43 |
) |
|
|
(67 |
) |
|
|
(285 |
) |
|
|
(266 |
) |
| Net
income attributable to Perma-Fix Environmental Services, Inc. common stockholders |
|
$ |
1,402 |
|
|
$ |
1,446 |
|
|
$ |
3,302 |
|
|
$ |
2,870 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
income per share attributable to Perma-Fix Environmental Services, Inc. common stockholders |
|
$ |
.11 |
|
|
$ |
.12 |
|
|
$ |
.27 |
|
|
$ |
.24 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted
income per share attributable to Perma-Fix Environmental Services, Inc. common stockholders |
|
$ |
.11 |
|
|
$ |
.12 |
|
|
$ |
.27 |
|
|
$ |
.23 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average
shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average
shares outstanding |
|
|
12,198 |
|
|
|
12,145 |
|
|
|
12,181 |
|
|
|
12,134 |
|
| Add:
dilutive effect of stock options |
|
|
183 |
|
|
|
201 |
|
|
|
206 |
|
|
|
181 |
|
| Add:
dilutive effect of warrant |
|
|
25 |
|
|
|
25 |
|
|
|
29 |
|
|
|
22 |
|
| Diluted
weighted average shares outstanding |
|
|
12,406 |
|
|
|
12,371 |
|
|
|
12,416 |
|
|
|
12,337 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Potential shares
excluded from above weighted average share calculations due to their anti-dilutive effect include: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock
options |
|
|
30 |
|
|
|
30 |
|
|
|
30 |
|
|
|
42 |
|
| Warrant |
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
| Stock Options and Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
disclosed in “Note 15 – Common Stock Subscription Agreement,” the Company entered into subscription agreements for
the sale of an aggregate of 1,000,000 shares of the Company’s Common Stock in a registered direct offering during the third quarter
of 2021 and completed during the first part of October 2021. The above earnings per share calculation does not include 900,000 shares
of the Common Stock as these shares were issued and became outstanding in October 2021.
|