Earnings Per Share

6 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note (4) - Earnings Per Share: The Company computes earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of the Company’s common stock subject to unvested restricted stock awards are considered participating securities because these awards contain a non-forfeitable right to cash dividends paid prior to forfeiture of the restricted stock, if any, irrespective of whether the awards ultimately vest. Basic and diluted earnings per share for the six months ended December 31, 2017 and 2016 are computed as follows (in thousands except per share data):

	For the six months ended December 31,				For the three months ended December 31,
	2017 (Unaudited)		2016 (Unaudited)		2017 (Unaudited)		2016 (Unaudited)
Net income	$	2,073	$	1,680	$	1,510	$	1,329
Less: distributed and undistributed      income allocated to unvested      restricted common stock		154		51		112		31
Net income allocated to      EnviroStar, Inc.      shareholders	$	1,919	$	1,629	$	1,398	$	1,278
Weighted average shares      outstanding used in basic		10,585		8,538		10,702		10,043
Dilutive common share      equivalents		377		—		372		—
Weighted average shares      outstanding used in diluted      earnings per share		10,962		8,538		11,074		10,043
Basic earnings per share	$	0.18	$	0.19	$	0.13	$	0.13
Diluted earnings per share	$	0.18	$	0.19	$	0.13	$	0.13

At December 31, 2017 and 2016, other than the restricted common stock discussed above, there were no potentially dilutive securities outstanding.