Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 757

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 757
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     774 
  
    Sales tax refunds 
     1,093  
     1,078  
     737 
  
    Other 
     127  
     367  
     864 
  
    Other income for the period 
    $8,544  
    $10,795  
    $9,189 

     F-13 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Earnings Per Share

Earnings per share were calculated
using the weighted average number of shares outstanding for the related period. The following table illustrates the computation of basic
and diluted earnings per share:

    Schedule of computation of earnings per share 

    Year Ended December 31, 

    2024  
    2023  
    2022 

    (In thousands, except per share data) 
  
    Numerator: 

    Numerator for basic and diluted earnings per share 
    $19,203  
    $45,343  
    $85,983 
  
    Denominator: 

    Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 
     21,292  
     20,896  
     20,958 
  
    Incremental common shares attributable to exercise of outstanding options and warrants 
     3,033  
     4,322  
     3,218 
  
    Denominator for diluted earnings per share 
     24,325  
     25,218  
     26,589 
  
    Basic earnings per share 
    $0.90  
    $2.17  
    $4.10 
  
    Diluted earnings per share 
    $0.79  
    $1.80  
    $3.23 

Incremental shares of 1.7
million, 1.7 million and 1.2 million related to stock options and warrants have been excluded from the diluted earnings per share calculation
for the years ended December 31, 2024, 2023 and 2022, respectively, because the effect is anti-dilutive.

Deferral and Amortization of Debt Issuance Costs

Costs related to the issuance
of debt are deferred and amortized using the interest method over the contractual or expected term