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Earnings Per Share | 9 Months Ended
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Mar. 31, 2024
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,
​ |  | 2024 |  | 2023 | ​ | 2024 |  | 2023
Earnings per share – basic: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings, including noncontrolling interest | ​ | $ | 49,059 |  | $ | 70,218 | ​ | $ | 127,517 |  | $ | 209,958
Less net earnings (loss) attributable to noncontrolling interest | ​ | ​ | — |  | ​ | — | ​ | ​ | — |  | ​ | 179
Net earnings attributable to Bio-Techne | ​ | $ | 49,059 | ​ | $ | 70,218 | ​ | $ | 127,517 | ​ | $ | 209,779
Income allocated to participating securities | ​ |  | (5) | ​ |  | (16) | ​ |  | (24) | ​ |  | (52)
Income available to common shareholders | ​ | $ | 49,054 | ​ | $ | 70,202 | ​ | $ | 127,493 | ​ | $ | 209,727
Weighted-average shares outstanding – basic | ​ |  | 157,309 | ​ |  | 157,311 | ​ |  | 157,655 | ​ |  | 157,071
Earnings per share – basic | ​ | $ | 0.31 | ​ | $ | 0.45 | ​ | $ | 0.81 | ​ | $ | 1.34
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share – diluted: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net earnings, including noncontrolling interest | ​ | $ | 49,059 | ​ | $ | 70,218 | ​ | $ | 127,517 | ​ | $ | 209,958
Less net earnings (loss) attributable to noncontrolling interest | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 179
Net earnings attributable to Bio-Techne | ​ | $ | 49,059 | ​ | $ | 70,218 | ​ | $ | 127,517 | ​ | $ | 209,779
Income allocated to participating securities | ​ |  | (5) | ​ |  | (16) | ​ |  | (24) | ​ |  | (52)
Income available to common shareholders | ​ | $ | 49,054 | ​ | $ | 70,202 | ​ | $ | 127,493 | ​ | $ | 209,727
Weighted-average shares outstanding – basic | ​ |  | 157,309 | ​ |  | 157,311 | ​ |  | 157,655 | ​ |  | 157,071
Dilutive effect of stock options and restricted stock units | ​ |  | 3,187 | ​ |  | 4,304 | ​ |  | 3,162 | ​ |  | 4,697
Weighted-average common shares outstanding – diluted | ​ |  | 160,496 | ​ |  | 161,615 | ​ |  | 160,817 | ​ |  | 161,768
Earnings per share – diluted | ​ | $ | 0.31 | ​ | $ | 0.43 | ​ | $ | 0.79 | ​ | $ | 1.30
​ 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 4.0 million and 4.5 million for the quarter ended March 31, 2024 and 2023, respectively and 4.0 million and 4.5 million for the nine months ended March 31, 2024 and 2023 respectively.

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