XML 32 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Computation of Earnings (Loss) per Common Share
 12 Months Ended
Jun. 30, 2022
Computation of Earnings (Loss) per Common Share [Abstract]  
Computation of Earnings (Loss) per Common Share Computation of Earnings (Loss) per Common Share
The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to the Company’s stockholders.
 Years Ended June 30,
 202220212020
Net income (loss) available to Madison Square Garden Entertainment Corp.’s stockholders (numerator):
Net income (loss) attributable to Madison Square Garden Entertainment Corp.’s stockholders per statement of operations$(194,395)$(148,151)$181,734 
Adjustment of redeemable noncontrolling interest to redemption value(3,173)(8,728)— 
Net income (loss) attributable to Madison Square Garden Entertainment Corp.’s stockholders for EPS:$(197,568)$(156,879)$181,734 
Weighted-average shares (denominator):
Weighted-average shares for basic EPS34,255 34,077 34,864 
Dilutive effect of shares issuable under share-based compensation plans (a)
— — 78 
Weighted-average shares for diluted EPS34,255 34,077 34,942 
Weighted-average anti-dilutive shares (a)
— — 1,002 
EPS:
Basic earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.’s stockholders$(5.77)$(4.60)$5.21 
Diluted earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.’s stockholders$(5.77)$(4.60)$5.20 
_________________
(a)For Fiscal Years 2022 and 2021, all restricted stock units and stock options were excluded from the above table because the Company reported a net loss for the respective periods presented, and therefore, their impact on reported loss per share would have been antidilutive. See Note 17, Share-Based Compensation for further details.
On the Entertainment Distribution Date, 23,992 shares of the Company’s Class A Common Stock were distributed to MSG Sports stockholders as of the Record Date and were outstanding as of April 17, 2020. This share amount was used in the calculation of basic EPS for the periods prior to the Entertainment Distribution as the Company was a wholly-owned subsidiary of MSG Sports prior to the Entertainment Distribution Date.