BASSETT FURNITURE INDUSTRIES INC Earnings Per Share Disclosure
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17. |
Earnings (Loss) Per Share |
The following table sets forth the computation of basic and diluted earnings (loss) per share:
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2025 |
2024 |
2023 |
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Earnings (loss) per share |
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Numerator: |
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Net income (loss) |
$ | 6,100 | $ | (9,695 | ) | $ | (3,171 | ) | ||||
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Denominator: |
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Denominator for basic income per share - weighted average shares |
8,657,989 | 8,733,215 | 8,784,759 | |||||||||
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Effect of dilutive securities* |
33,553 | - | - | |||||||||
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Denominator for diluted income per share — weighted average shares and assumed conversions |
8,691,542 | 8,733,215 | 8,784,759 | |||||||||
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Basic income (loss) per share |
$ | 0.70 | $ | (1.11 | ) | $ | (0.36 | ) | ||||
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Diluted income (loss) per share |
$ | 0.70 | $ | (1.11 | ) | $ | (0.36 | ) | ||||
*Due to the net loss in 2024 and 2023, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.
For fiscal 2025, 2024 and 2023, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:
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2025 |
2024 |
2023 |
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Unvested restricted shares |
- | 94,409 | 92,313 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 5, 2026 | Showing above |
| 2024 | Feb 10, 2025 | |
| 2023 | Jan 25, 2024 | |
| 2022 | Jan 24, 2023 | |
| 2021 | Jan 31, 2022 | |
| 2020 | Jan 21, 2021 | |
| 2019 | Jan 23, 2020 | |
| 2018 | Jan 17, 2019 | |
| 2017 | Jan 18, 2018 | |
| 2016 | Jan 19, 2017 | |
| 2015 | Jan 21, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.