LIFETIME BRANDS, INC Earnings Per Share Disclosure
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands - except per share amounts) | |||||||||||||||||
Net loss – Basic and Diluted | $ | (15,165) | $ | (8,412) | $ | (6,166) | |||||||||||
| Weighted-average shares outstanding – Basic | 21,481 | 21,195 | 21,558 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Stock options and other stock awards | — | — | — | ||||||||||||||
| Weighted-average shares outstanding – Diluted | 21,481 | 21,195 | 21,558 | ||||||||||||||
Basic loss per common share | $ | (0.71) | $ | (0.40) | $ | (0.29) | |||||||||||
Diluted loss per common share | $ | (0.71) | $ | (0.40) | $ | (0.29) | |||||||||||
Antidilutive shares (1) | 1,479 | 1,633 | 1,681 | ||||||||||||||
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.