Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders

The following table reconciles the number of common shares used to compute basic and diluted earnings per share attributable to Vintage Wine Estates, Inc., shareholders:

	Three Months Ended September 30,
	2022			2021
(in thousands, except for per share amounts)	As Restated
Net (loss) income	$	(636	)	$	2,779
Less: (loss) income allocable to noncontrolling interest		(343	)		25
Net income allocable to common shareholders	$	(293	)	$	2,804
Numerator – Basic EPS
Net income allocable to common shareholders	$	(293	)	$	2,804
Net income allocated to common shareholders	$	(293	)	$	2,804
Numerator – Diluted EPS
Net income allocated to common shareholders	$	(293	)	$	2,804
Net income allocated to common shareholders	$	(293	)	$	2,804
Denominator – Basic Common Shares
Weighted average common shares outstanding - Basic		58,819,160			60,461,611
Denominator – Diluted Common Shares
Weighted average common shares - Diluted		58,819,160			60,461,611
Net (loss) income per share – basic:
Common Shares	$	(0.00	)	$	0.05
Net (loss) income per share – diluted:
Common Shares	$	(0.00	)	$	0.05

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculations of diluted earnings per share attributable to common shareholders because including them would have been antidilutive:

	Three Months Ended September 30,
	2022		2021
Shares subject to warrants to purchase common stock		25,646,453		26,000,000
Shares subject to options to purchase common stock		3,675,641		-
Total		29,322,094		26,000,000