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Note 9 - Earnings Per Share
6 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9. Earnings Per Share:

 

The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):

 

  

Quarter Ended

  

Six Months Ended

 
  

December 31,

  

December 31,

 
  

2021

  

2020

  

2021

  

2020

 

Earnings per share – basic:

                

Net earnings, including noncontrolling interest

 $72,059  $46,144  $141,040  $79,538 

Less net earnings (loss) attributable to noncontrolling interest

  (8,114)  (130

)

  (8,748)  (130

)

Net earnings attributable to Bio-Techne

 $80,173  $46,274  $149,788  $79,668 

Income allocated to participating securities

  (34)  (37

)

  (70)  (50

)

Income available to common shareholders

 $80,139  $46,237  $149,718  $79,618 

Weighted-average shares outstanding – basic

  39,310   38,691   39,202   38,614 

Earnings per share – basic

 $2.04  $1.20  $3.82  $2.06 
                 

Earnings per share – diluted:

                

Net earnings, including noncontrolling interest

 $72,059  $46,144  $141,040  $79,538 

Less net earnings (loss) attributable to noncontrolling interest

  (8,114)  (130

)

  (8,748)  (130

)

Net earnings attributable to Bio-Techne

 $80,173  $46,274  $149,788  $79,668 

Income allocated to participating securities

  (34)  (37

)

  (70)  (50

)

Income available to common shareholders

 $80,139  $46,237  $149,718  $79,618 

Weighted-average shares outstanding – basic

  39,310   38,691   39,202   38,614 

Dilutive effect of stock options and restricted stock units

  1,897   1,566   1,957   1,521 

Weighted-average common shares outstanding – diluted

  41,207   40,257   41,159   40,135 

Earnings per share – diluted

 $1.94  $1.15  $3.64  $1.98 

 

The dilutive effect of stock options and restricted stock units in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was 0.7 million and 1.6 million for the quarter ended December 31, 2021 and 2020, respectively and 0.5 million and 1.5 million for the six months ended December 31, 2021 and 2020 respectively.