Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

Loss Per Share

3 Months Ended

Jun. 30, 2021

NOTE 7 – LOSS PER SHARE:

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted loss per share is presented below:

	Three Months Ended
	June 30,
	2021			2020
Basic loss per share
Numerator:
Net loss	$	(3,126	)	$	(1,818	)
Denominator:
Weighted average common shares outstanding		10,199			9,895
Basic loss per share	$	(0.31	)	$	(0.18	)

Diluted loss per share
Numerator:
Net loss	$	(3,126	)	$	(1,818	)
Denominator:
Weighted average common shares outstanding		10,199			9,895
Stock options outstanding		—			—
Weighted average common and potential common shares outstanding		10,199			9,895
Diluted loss per share	$	(0.31	)	$	(0.18	)

None of the options to purchase 33 and 37 shares of common stock at June 30, 2021 and 2020, respectively, were included in the computation of diluted loss per share as the affect would be anti-dilutive due to the net losses in the quarters.