EARNINGS PER SHARE ("EPS")

12 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

9. EARNINGS PER SHARE (“EPS”)

Basic earnings (loss) per common share were computed using the weighted average number of shares of common stock outstanding during the period, considering the effect of participating securities. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. Our unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. Our unexercised stock options, unexercised SSARs and unvested performance stock do not contain rights to dividends. Under the two-class method, the earnings (loss) used to determine basic earnings (loss) per common share are reduced by an amount allocated to participating securities. Use of the two-class method has an immaterial impact on the calculation of basic and diluted earnings (loss) per common share.

The following table summarizes the effects of dilutive securities on diluted EPS for the period (amounts in thousands, except share data):

	Fiscal Year Ended June 30,
	June 30,		June 30,		June 30,
	2020		2019		2018
Net income (loss) attributable to Royal Gold common stockholders	$	199,343	$	93,825	$	(113,134)
Weighted-average shares for basic EPS		65,523,024		65,394,627		65,291,855
Effect of other dilutive securities		120,366		110,908		—
Weighted-average shares for diluted EPS		65,643,390		65,505,535		65,291,855
Basic earnings (loss) per share	$	3.04	$	1.43	$	(1.73)
Diluted earnings (loss) per share	$	3.03	$	1.43	$	(1.73)