TSS, Inc. Earnings Per Share Disclosure
Note 11 – Net Income Per-Share
Basic and diluted income per share is based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for the purpose of determining diluted income per share, includes the effects of dilutive unvested restricted stock and options to purchase common stock. The effect of such potential common stock is computed using the treasury stock method.
The following table presents a reconciliation of the numerators and denominators of the basic and diluted income per share computations for income from continuing operations. In the table below, income represents the numerator, and shares represent the denominator (in thousands except per share amounts):
|
| Years Ended |
| |||||||||
|
| December 31, |
| |||||||||
|
| 2025 |
|
| 2024 |
|
| 2023 |
| |||
Basic Earnings per share: |
|
|
|
|
|
|
|
|
| |||
Numerator: |
|
|
|
|
|
|
|
|
| |||
Net income |
| $ | 15,125 |
|
| $ | 5,976 |
|
| $ | 74 |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares of common stock outstanding |
|
| 24,953 |
|
|
| 22,403 |
|
|
| 21,602 |
|
Basic Earnings per share |
| $ | 0.61 |
|
| $ | 0.27 |
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
| $ | 15,125 |
|
| $ | 5,976 |
|
| $ | 74 |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares of common stock outstanding |
|
| 24,953 |
|
|
| 22,403 |
|
|
| 21,602 |
|
Dilutive options outstanding |
|
| 2,269 |
|
|
| 2,672 |
|
|
| 419 |
|
Number of shares used in diluted per-share computation |
|
| 27,222 |
|
|
| 25,075 |
|
|
| 22,021 |
|
Diluted Earnings per share |
| $ | 0.56 |
|
| $ | 0.24 |
|
| $ | 0.00 |
|
For the years ended December 31, 2025, 2024, and 2023, 39,000, 2,126,000 and 3,226,000 potentially dilutive shares, respectively, were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Apr 15, 2025 | |
| 2023 | Mar 29, 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.