EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2013

Notes to Financial Statements

EARNINGS PER SHARE (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

The Company adopted ASC Topic 260, Earnings Per Share. Basic EPS are computed by dividing net income available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period.  Diluted EPS give effect to all dilutive potential common shares outstanding during a period.  In computing diluted EPS, the average price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants.

Stock options to purchase 508,000 shares of Common Stock at exercise prices ranging from $1.72 to $9.57 per share were outstanding as of September 30, 2013 and were excluded in the computation of diluted EPS because their effect would have been anti-dilutive.

Stock options to purchase 695,000 shares of Common Stock at exercise prices ranging from $1.72 to $9.57 per share were outstanding as of September 30, 2012. All the outstanding options were excluded in the computation of diluted EPS for the nine months ended September 30, 2012 because they were anti-dilutive.

The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the years presented herein: 

	Three Months Ended
	Sept. 30,			Sept. 30,
	2013			2012
	(Unaudited)			(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	6		$	93
Loss attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(23	)		(110	)
Net loss attributable to Trio-Tech International common shareholders	$	(17	)	$	(17	)
Basic and diluted (loss) / income per share from continuing operations attributable to Trio-Tech International		-			0.03
Basic and diluted loss per share from discontinued operations attributable to Trio-Tech International		(0.01	)		(0.04	)
Basic and diluted loss per share from net loss attributable to Trio-Tech International	$	(0.01	)	$	(0.01	)
Weighted average number of common shares outstanding - basic		3,399			3,322
Dilutive effect of stock options		--			--
Number of shares used to compute earnings per share – diluted		3,399			3,322