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Earnings per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic earnings per share ("EPS") is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed using the treasury stock method for stock options, warrants, non-vested restricted stock awards and units, and non-vested performance stock units. The treasury stock method assumes conversion of all potentially dilutive shares of common stock with the proceeds from assumed exercises used to hypothetically repurchase stock at the average market price for the period. Diluted EPS is computed by dividing net income applicable to the Company by the weighted-average common shares and potentially dilutive common shares that were outstanding during the period.

The following table sets forth the computations of basic and diluted EPS for the three and nine months ended March 31, 2017 and March 25, 2016:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
2017
 
March 25,
2016
 
March 31,
2017
 
March 25,
2016
Net income (loss) applicable to TRC Companies, Inc.
$
4,498

 
$
(14,297
)
 
$
12,135

 
$
(5,868
)
 
 
 
 
 
 
 
 
Basic weighted-average common shares outstanding
31,605

 
31,045

 
31,401

 
30,886

Effect of dilutive stock options, RSA's, RSU's and PSU's
643

 
—

 
536

 
—

Diluted weighted-average common shares outstanding
32,248

 
31,045

 
31,937

 
30,886

 
 
 
 
 
 
 
 
Earnings per common share applicable to TRC Companies, Inc.
 
 
 
 
 
 
 
Basic earnings per common share
$
0.14

 
$
(0.46
)
 
$
0.39

 
$
(0.19
)
Diluted earnings per common share
$
0.14

 
$
(0.46
)
 
$
0.38

 
$
(0.19
)
Anti-dilutive stock options, RSA's, RSU's and PSU's, excluded from the calculation
965

 
1,916

 
1,071

 
1,916