Earnings per Share

9 Months Ended

Mar. 31, 2020

Earnings per Share

Earnings per Share

8. Earnings per Share

The following table sets forth the computations of basic and diluted earnings per share and stock awards not included in the computation of diluted earnings per share when their effect is anti-dilutive (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations	$	153,551	$	34,840	$	172,476	$	71,998
Discontinued operations		(2,719)		3,065		(1,758)		(26,328)
Net	$	150,832	$	37,905	$	170,718	$	45,670
Denominator:
Weighted-average shares outstanding		52,498		57,583		53,647		58,656
Unvested participating RSUs		457		478		470		543
Weighted-average basic shares outstanding		52,955		58,061		54,117		59,199
Effect of dilutive stock awards		364		741		459		805
Weighted-average diluted shares outstanding		53,319		58,802		54,576		60,004
Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations	$	2.90	$	0.60	$	3.19	$	1.22
Discontinued operations	$	(0.05)	$	0.05	$	(0.03)	$	(0.44)
Net	$	2.85	$	0.65	$	3.15	$	0.77
Diluted:
Continuing operations	$	2.88	$	0.59	$	3.16	$	1.20
Discontinued operations	$	(0.05)	$	0.05	$	(0.03)	$	(0.44)
Net	$	2.83	$	0.64	$	3.13	$	0.76
Weighted-average anti-dilutive stock awards		992		194		942		223