Basic EPS:

Numerator

Income from continuing operations less non-controlling interest

$

14,395

$

0.81

$

12,012

$

0.68

Loss from discontinued operations, net of tax

-

(2

)

-

Net income attributable to Turning Point Brands, Inc.

$

14,395

$

0.81

$

12,010

$

0.68

Denominator

Weighted average

17,795,243

17,654,684

Diluted EPS:

Numerator

Income from continuing operations less non-controlling interest

$

14,395

$

12,010

Interest expense related to Convertible Senior Notes, net of tax

-

731

Diluted income from continuing operations

$

14,395

$

0.79

$

12,741

$

0.63

Loss from discontinued operations, net of tax

-

(2

)

-

Diluted net income

$

14,395

$

0.79

$

12,739

$

0.63

Denominator

Basic weighted average

17,795,243

17,654,684

Convertible Senior Notes

-

2,218,018

Stock options and restricted stock units ⁽¹⁾

454,063

297,612

18,249,306

20,170,314