Earnings per Share (Tables)

9 Months Ended

Mar. 31, 2022

Earnings per Share

Earnings per Share

The following table sets forth the computations of basic and diluted earnings per share and antidilutive shares (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations	$	5,857	$	24,238	$	(32,291)	$	67,765
Discontinued operations		343,985		414		341,982		132
Net income attributable to Adtalem	$	349,842	$	24,652	$	309,691	$	67,897
Denominator:
Weighted-average basic shares outstanding		48,925		50,658		49,459		51,799
Effect of dilutive stock awards		452		453		—		302
Weighted-average diluted shares outstanding		49,377		51,111		49,459		52,101
Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations	$	0.12	$	0.48	$	(0.65)	$	1.31
Discontinued operations	$	7.03	$	0.01	$	6.91	$	0.00
Total basic earnings per share	$	7.15	$	0.49	$	6.26	$	1.31
Diluted:
Continuing operations	$	0.12	$	0.47	$	(0.65)	$	1.30
Discontinued operations	$	6.97	$	0.01	$	6.91	$	0.00
Total diluted earnings per share	$	7.09	$	0.48	$	6.26	$	1.30
Weighted-average antidilutive shares		2,074		675		2,187		1,124