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Earnings Per Share | 9 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Earnings Per Share | 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 | ​ | Nine Months Ended
​ | ​ | March 31, | ​ | March 31,
​ |  | 2023 |  | 2022 | ​ | 2023 |  | 2022
Earnings per share – basic: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings, including noncontrolling interest | ​ | $ | 70,218 |  | $ | 60,144 | ​ | $ | 209,958 |  | $ | 201,184
Less net earnings (loss) attributable to noncontrolling interest | ​ | ​ | - |  | ​ | (595) | ​ | ​ | 179 |  | ​ | (9,343)
Net earnings attributable to Bio-Techne | ​ | $ | 70,218 | ​ | $ | 60,739 | ​ | $ | 209,779 | ​ | $ | 210,527
Income allocated to participating securities | ​ |  | (16) | ​ |  | (25) | ​ |  | (52) | ​ |  | (95)
Income available to common shareholders | ​ | $ | 70,202 | ​ | $ | 60,714 | ​ | $ | 209,727 | ​ | $ | 210,432
Weighted-average shares outstanding – basic | ​ |  | 157,311 | ​ |  | 157,087 | ​ |  | 157,071 | ​ |  | 156,899
Earnings per share – basic | ​ | $ | 0.45 | ​ | $ | 0.39 | ​ | $ | 1.34 | ​ | $ | 1.34
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share – diluted: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net earnings, including noncontrolling interest | ​ | $ | 70,218 | ​ | $ | 60,144 | ​ | $ | 209,958 | ​ | $ | 201,184
Less net earnings (loss) attributable to noncontrolling interest | ​ | ​ | — | ​ | ​ | (595) | ​ | ​ | 179 | ​ | ​ | (9,343)
Net earnings attributable to Bio-Techne | ​ | $ | 70,218 | ​ | $ | 60,739 | ​ | $ | 209,779 | ​ | $ | 210,527
Income allocated to participating securities | ​ |  | (16) | ​ |  | (25) | ​ |  | (52) | ​ |  | (95)
Income available to common shareholders | ​ | $ | 70,202 | ​ | $ | 60,714 | ​ | $ | 209,727 | ​ | $ | 210,432
Weighted-average shares outstanding – basic | ​ |  | 157,311 | ​ |  | 157,087 | ​ |  | 157,071 | ​ |  | 156,899
Dilutive effect of stock options and restricted stock units | ​ |  | 4,304 | ​ |  | 6,787 | ​ |  | 4,697 | ​ |  | 7,393
Weighted-average common shares outstanding – diluted | ​ |  | 161,615 | ​ |  | 163,874 | ​ |  | 161,768 | ​ |  | 164,292
Earnings per share – diluted | ​ | $ | 0.43 | ​ | $ | 0.37 | ​ | $ | 1.30 | ​ | $ | 1.28
​ 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 4.5 million and 3.0 million for the quarter ended March 31, 2023 and 2022, respectively and 4.5 million and 2.7 million for the nine months ended March 31, 2023 and 2022 respectively.

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