TRAVELZOO Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| Numerator: | |||||||||||
| Net income attributable to Travelzoo—continuing operations | $ | 13,564 | $ | 11,906 | |||||||
| Net income (loss) attributable to Travelzoo—discontinued operations | — | 460 | |||||||||
| Denominator: | |||||||||||
| Weighted average common shares—basic | 12,594 | 14,897 | |||||||||
| Effect of dilutive securities: stock options | 258 | 67 | |||||||||
| Weighted average common shares—diluted | 12,852 | 14,964 | |||||||||
| Income (loss) per share—basic | |||||||||||
| Continuing operations | $ | 1.08 | $ | 0.80 | |||||||
| Discontinued operations | — | 0.03 | |||||||||
| Net income (loss) per share —basic | $ | 1.08 | $ | 0.83 | |||||||
| Income (loss) per share—diluted | |||||||||||
| Continuing operations | $ | 1.06 | $ | 0.80 | |||||||
| Discontinued operations | — | 0.03 | |||||||||
| Net income (loss) per share—diluted | $ | 1.06 | $ | 0.83 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 19, 2025 | Showing above |
| 2017 | Mar 16, 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.