EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2015

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 430,000 shares of Common Stock at exercise prices ranging from $3.10 to $4.35 per share were outstanding as of March 31, 2015 and were excluded in the computation of diluted EPS because they were anti-dilutive.

Stock options to purchase 462,000 shares of Common Stock at exercise prices ranging from $1.72 to $9.57 per share were outstanding as of March 31, 2014 and were excluded in the computation of diluted EPS because their effect would have been 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:

	Nine Months Ended					Three Months Ended
	Mar. 31,		Mar. 31,			Mar. 31,			Mar. 31,
	2015		2014			2015			2014
	(Unaudited)		(Unaudited)			(Unaudited)			(Unaudited)
Income / (loss) attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	166	$	(204	)	$	207		$	138
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		3		(21	)		(8	)		19
Net income / (loss) attributable to Trio-Tech International common shareholders	$	169	$	(225	)	$	199		$	157
Basic and diluted earnings / (loss) per share from continuing operations attributable to Trio-Tech International	$	0.05		(0.06	)		0.06			0.04
Basic and diluted earnings per share from discontinued operations attributable to Trio-Tech International	$	-		-			-			0.01
Basic and diluted earnings / (loss) per share from net income  / (loss) attributable to Trio-Tech International	$	0.05	$	(0.06	)	$	0.06		$	0.05
Number of common shares used to compute earnings per share - basic		3,513		3,513			3,513			3,513
Dilutive effect of stock options		41		-			16			69
Number of common shares used to compute earnings per share - diluted		3,554		3,513			3,529			3,582