EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2016

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 earnings per share (“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.

As of March 31, 2016, there were 505,000 stock options outstanding, of which 390,000 stock options with exercise prices ranging from $3.10 to $3.81 per share were excluded in the computation of diluted EPS because they were anti-dilutive.

As of March 31, 2015, there were 430,000 stock options outstanding with exercise prices ranging from $3.10 to $4.35 per share which were excluded in the computation of diluted EPS 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						Nine Months Ended
	Mar. 31, 2016 (Unaudited)			Mar. 31, 2015 (Unaudited)			Mar. 31, 2016 (Unaudited)			Mar. 31, 2015 (Unaudited)
Income / (loss) attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	155		$	207		$	607		$	166
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(5	)		(8	)		(78	)		3
Net Income / (Loss) Attributable to Trio-Tech International Common Shareholders	$	150		$	199		$	599		$	169
Basic and diluted earnings / (loss) per share from continuing operations attributable to Trio-Tech International	$	0.04			0.06			0.17			0.05
Basic and diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-			-			-
Basic and Diluted Earnings / (Loss) per Share from Net Income / (Loss) Attributable to Trio-Tech International	$	0.04		$	0.06		$	0.17		$	0.05
Weighted average number of common shares outstanding - basic		3,563			3,513			3,563			3,513
Dilutive effect of stock options		13			16			12			41
Number of shares used to compute earnings per share - diluted		3,576			3,529			3,575			3,554