Canterbury Park Holding Corp Earnings Per Share Disclosure
6. NET INCOME (LOSS) PER SHARE COMPUTATIONS
The following is a reconciliation of the numerator and denominator of the net income (loss) per common share computations for the years ended December 31, 2025 and 2024.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net income (loss) (numerator) amounts used for basic and diluted per share computations: | $ | (529,431 | ) | $ | 2,112,842 | |||
| Weighted average shares (denominator) of common stock outstanding: | ||||||||
| Basic | 5,071,423 | 4,994,905 | ||||||
| Plus dilutive effect of deferred stock awards | — | 37,305 | ||||||
| Diluted | $ | 5,071,423 | $ | 5,032,210 | ||||
| Net income (loss) per common share: | ||||||||
| Basic | $ | (0.10 | ) | $ | 0.42 | |||
| Diluted | (0.10 | ) | 0.42 | |||||
For the year ended December 31, 2025, 31,893 shares have been excluded from the calculation of diluted weighted average shares outstanding as the inclusion of these shares would have an anti-dilutive effect.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 10, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Mar 21, 2023 | |
| 2021 | Mar 21, 2022 | |
| 2020 | Mar 24, 2021 | |
| 2017 | Mar 27, 2018 | |
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.