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(Loss) Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2021
(Loss) Earnings Per Share [Abstract]  
Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

(in thousands except

 

 

 

(in thousands except

 

 

 

 

 

 

 

 

 

 

percent and

 

 

 

percent and

 

 

 

 

 

 

 

 

 

 

per share data)

 

 

 

per share data)

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Net1

 

$

(6,204)

 

 

$

(34,881)

 

 

$

(39,696)

 

 

$

(39,478)

 

 

 

 

Undistributed (loss) earnings

 

 

(6,204)

 

 

 

(34,881)

 

 

 

(39,696)

 

 

 

(39,478)

 

 

 

 

 

 

Continuing

 

 

(6,204)

 

 

 

(48,361)

 

 

 

(39,696)

 

 

 

(58,613)

 

 

 

 

 

 

Discontinued

 

$

-

 

 

$

13,480

 

 

$

-

 

 

$

19,135

 

 

 

 

Percent allocated to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Calculation 1)

 

 

99%

 

 

 

99%

 

 

 

99%

 

 

 

99%

 

 

 

 

Numerator for (loss) earnings per share: basic and diluted

 

 

(6,172)

 

 

 

(34,377)

 

 

 

(39,300)

 

 

 

(39,017)

 

 

 

 

 

 

Continuing

 

 

(6,172)

 

 

 

(47,662)

 

 

 

(39,300)

 

 

 

(57,928)

 

 

 

 

 

 

Discontinued

 

 

-

 

 

 

13,285

 

 

 

-

 

 

 

18,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted-average common shares outstanding

 

 

56,352

 

 

 

55,982

 

 

 

56,236

 

 

 

55,984

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

275

 

 

 

-

 

 

 

92

 

 

 

-

 

 

 

 

 

 

Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assuming conversion

 

 

56,627

 

 

 

55,982

 

 

 

56,328

 

 

 

55,984

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.11)

 

 

$

(0.61)

 

 

$

(0.70)

 

 

$

(0.69)

 

 

 

 

 

 

Continuing

 

$

(0.11)

 

 

$

(0.85)

 

 

$

(0.70)

 

 

$

(1.03)

 

 

 

 

 

 

Discontinued

 

$

-

 

 

$

0.24

 

 

$

-

 

 

$

0.34

 

 

 

 

Diluted

 

$

(0.11)

 

 

$

(0.61)

 

 

$

(0.70)

 

 

$

(0.69)

 

 

 

 

 

 

Continuing

 

$

(0.11)

 

 

$

(0.85)

 

 

$

(0.70)

 

 

$

(1.03)

 

 

 

 

 

 

Discontinued

 

$

-

 

 

$

0.24

 

 

$

-

 

 

$

0.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Calculation 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding (A)

 

 

56,352

 

 

 

55,982

 

 

 

56,236

 

 

 

55,984

 

 

 

 

Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)

 

 

56,646

 

 

 

56,803

 

 

 

56,803

 

 

 

56,646

 

 

 

 

Percent allocated to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A) / (B)

 

 

99%

 

 

 

99%

 

 

 

99%

 

 

 

99%