Clarus Corp Earnings Per Share Disclosure
NOTE 13. EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants. Potentially dilutive securities are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive to the loss from continuing operations.
The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings (loss) per share:
Year Ended December 31, | ||||||||
2024 | 2023 | 2022 | ||||||
Weighted average shares outstanding - basic | 38,305 | 37,485 | 37,201 | |||||
Effect of dilutive stock awards | - | - | - | |||||
Weighted average shares outstanding - diluted | 38,305 | 37,485 | 37,201 | |||||
Loss from continuing operations per share: | ||||||||
Basic | $ | (2.31) | $ | (0.42) | $ | (2.49) | ||
Diluted | (2.31) | (0.42) | (2.49) | |||||
Income from discontinued operations per share: | ||||||||
Basic | $ | 0.94 | $ | 0.15 | $ | 0.62 | ||
Diluted | 0.94 | 0.15 | 0.62 | |||||
Net loss per share: | ||||||||
Basic | $ | (1.37) | $ | (0.27) | $ | (1.88) | ||
Diluted | (1.37) | (0.27) | (1.88) | |||||
For the years ended December 31, 2024, 2023, and 2022, equity awards of 4,596, 5,424, and 6,060, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of net loss per share for these periods.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 6, 2025 | Showing above |
| 2022 | Feb 27, 2023 | |
| 2021 | Mar 7, 2022 | |
| 2020 | Mar 8, 2021 | |
| 2019 | Mar 9, 2020 | |
| 2018 | Mar 4, 2019 | |
| 2017 | Mar 12, 2018 | |
| 2016 | Mar 6, 2017 | |
| 2015 | Mar 15, 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.