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Earnings per Share | 6 Months Ended
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Dec. 31, 2019
Earnings per Share |
Earnings per Share | 8. Earnings per Share The following table sets forth the computations of basic and diluted earnings per share and stock awards not included in the computation of diluted earnings per share when their effect is anti-dilutive (in thousands, except per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | December 31, | ​ | December 31,
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to Adtalem: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Continuing operations | ​ | $ | 1,408 | ​ | $ | 41,945 | ​ | $ | 18,925 | ​ | $ | 37,158
Discontinued operations | ​ | ​ | 4,117 | ​ | ​ | (24,650) | ​ | ​ | 961 | ​ | ​ | (29,393)
Net | ​ | $ | 5,525 | ​ | $ | 17,295 | ​ | $ | 19,886 | ​ | $ | 7,765
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average shares outstanding |  | ​ | 53,412 | ​ |  | 58,640 |  | ​ | 54,215 |  | ​ | 59,181
Unvested participating RSUs |  | ​ | 478 | ​ |  | 545 |  | ​ | 476 |  | ​ | 575
Weighted-average basic shares outstanding |  | ​ | 53,890 | ​ |  | 59,185 |  | ​ | 54,691 |  | ​ | 59,756
Effect of dilutive stock awards |  | ​ | 390 | ​ |  | 815 |  | ​ | 501 |  | ​ | 842
Weighted-average diluted shares outstanding |  | ​ | 54,280 | ​ |  | 60,000 |  | ​ | 55,192 |  | ​ | 60,598
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share attributable to Adtalem: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Continuing operations | ​ | $ | 0.03 | ​ | $ | 0.71 | ​ | $ | 0.35 | ​ | $ | 0.62
Discontinued operations | ​ | $ | 0.08 | ​ | $ | (0.42) | ​ | $ | 0.02 | ​ | $ | (0.49)
Net | ​ | $ | 0.10 | ​ | $ | 0.29 | ​ | $ | 0.36 | ​ | $ | 0.13
Diluted: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Continuing operations | ​ | $ | 0.03 | ​ | $ | 0.70 | ​ | $ | 0.34 | ​ | $ | 0.61
Discontinued operations | ​ | $ | 0.08 | ​ | $ | (0.41) | ​ | $ | 0.02 | ​ | $ | (0.49)
Net | ​ | $ | 0.10 | ​ | $ | 0.29 | ​ | $ | 0.36 | ​ | $ | 0.13
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average anti-dilutive stock awards | ​ | ​ | 1,025 | ​ | ​ | 227 | ​ | ​ | 910 | ​ | ​ | 282
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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