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Earnings per Share

9 Months Ended

Mar. 31, 2021

Earnings per Share

Earnings per Share

7. 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						Nine Months Ended
		March 31,						March 31,
		2021			2020			2021			2020
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations		$	29,809		$	153,551		$	89,100		$	172,476
Discontinued operations			(5,157)			(2,719)			(21,203)			(1,758)
Net		$	24,652		$	150,832		$	67,897		$	170,718

Denominator:
Weighted-average shares outstanding			50,065			52,498			51,236			53,647
Unvested participating RSUs			593			457			563			470
Weighted-average basic shares outstanding			50,658			52,955			51,799			54,117
Effect of dilutive stock awards			453			364			302			459
Weighted-average diluted shares outstanding			51,111			53,319			52,101			54,576

Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations		$	0.59		$	2.90		$	1.72		$	3.19
Discontinued operations		$	(0.10)		$	(0.05)		$	(0.41)		$	(0.03)
Net		$	0.49		$	2.85		$	1.31		$	3.15
Diluted:
Continuing operations		$	0.58		$	2.88		$	1.71		$	3.16
Discontinued operations		$	(0.10)		$	(0.05)		$	(0.41)		$	(0.03)
Net		$	0.48		$	2.83		$	1.30		$	3.13

Weighted-average anti-dilutive stock awards			675			992			1,124			942