Latham Group, Inc. Earnings Per Share Disclosure
18.NET LOSS PER SHARE
Basic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):
Year Ended December 31, | ||||||||||
| 2024 |
| 2023 |
| 2022 | |||||
Numerator: |
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Net loss attributable to common stockholders | $ | (17,860) | $ | (2,388) | $ | (5,694) | ||||
Denominator: |
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Weighted-average common shares outstanding |
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Basic | 115,434,828 | 112,899,586 | 113,245,421 | |||||||
Diluted | 115,434,828 | 112,899,586 | 113,245,421 | |||||||
Net loss per share attributable to common stockholders: | ||||||||||
Basic | $ | (0.15) | $ | (0.02) | $ | (0.05) | ||||
Diluted | $ | (0.15) | $ | (0.02) | $ | (0.05) | ||||
The following table includes the number of shares that may be dilutive common shares in the future that were not included in the computation of diluted net loss per share because the effect was anti-dilutive:
| Year Ended December 31, | ||||||
| 2024 |
| 2023 |
| 2022 | ||
Restricted stock awards | 10,722 |
| 697,822 |
| 1,904,037 | ||
Restricted stock units | 22,275 | 188,548 | 202,622 | ||||
Stock options | 1,410,382 |
| 1,702,316 |
| 1,757,336 | ||
Stock appreciation rights | 326,395 | 491,386 | — | ||||
Performance stock units | 20,781 | — | — | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 5, 2025 | Showing above |
| 2023 | Mar 13, 2024 | |
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.