EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

In accordance with ASC Topic 260, Earnings Per Share, Basic Earnings Per Share (“EPS”) is 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.

Options to purchase 763,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of March 31, 2020. 212,500 stock options were excluded in the computation of diluted EPS for fiscal year 2020 because they were anti-dilutive.

Options to purchase 517,500 shares of Common Stock at exercise prices ranging from $2.69 to $5.98 per share were outstanding as of March 31, 2019. 110,000 stock options were excluded in the computation of diluted EPS for fiscal year 2019 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 period presented herein:  

	Three Months Ended					Nine Months Ended
	Mar. 31,			Mar. 31,		Mar. 31,			Mar. 31,
	2020			2019		2020			2019
	(Unaudited)			(Unaudited)		(Unaudited)			(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	81		$	682	$	780		$	1,097
Loss / (income) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(11	)		1		(11	)		(1	)
Net Income Attributable to Trio-Tech International Common Shareholders	$	70		$	683	$	769		$	1,096
Weighted average number of common shares outstanding - basic		3,673			3,673		3,673			3,673
Dilutive effect of stock options		86			12		61			73
Number of shares used to compute earnings per share - diluted		3,759			3,685		3,734			3,746
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.02			0.19		0.21			0.30
Basic earnings per share from discontinued operations attributable to Trio-Tech International		-			-		-			-
Basic Earnings per Share from Net Income Attributable to Trio-Tech International	$	0.02		$	0.19		0.21			0.30
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.02			0.19		0.21			0.29
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-	$	-		$	-
Diluted Earnings per Share from Net Income Attributable to Trio-Tech International	$	0.02		$	0.19		0.21			0.29