Climb Global Solutions Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 31, 2024

12. Earnings Per Share:

Our basic and diluted earnings per share are computed using the two-class method in accordance with ASC 260. The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to their participation rights in dividends and undistributed earnings or losses. Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. Per share amounts are computed by dividing net income available to common shareholders by the weighted average shares outstanding during each period. Diluted and basic earnings per share are the same because the restricted shares are the only potentially dilutive security.

A reconciliation of the numerators and denominators of the basic and diluted per share computations follows:


	Three months ended
	March 31,
	2024		2023
Numerator:
Net income	$	2,731	$	3,324

Less distributed and undistributed income allocated to participating securities		63		83

Net income attributable to common shareholders		2,668		3,241

Denominator:
Weighted average common shares (Basic)		4,438		4,366

Weighted average common shares including assumed conversions (Diluted)		4,438		4,366

Basic net income per share	$	0.60	$	0.74
Diluted net income per share	$	0.60	$	0.74