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Earnings per Share (Tables)

6 Months Ended

Dec. 31, 2021

Earnings per Share

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 antidilutive (in thousands, except per share data). As a result of incurring a net loss from continuing operations for the six months ended December 31, 2021, potential common shares of 447 thousand were excluded from diluted loss per share because the effect would have been antidilutive.


		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2021			2020			2021			2020
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations		$	39,034		$	23,941		$	(38,148)		$	43,527
Discontinued operations			(21,181)			(626)			(2,003)			(282)
Net		$	17,853		$	23,315		$	(40,151)		$	43,245

Denominator:
Weighted-average basic shares outstanding			49,776			52,251			49,719			52,358
Effect of dilutive stock awards			461			190			—			264
Weighted-average diluted shares outstanding			50,237			52,441			49,719			52,622

Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations		$	0.78		$	0.46		$	(0.77)		$	0.83
Discontinued operations		$	(0.43)		$	(0.01)		$	(0.04)		$	(0.01)
Net		$	0.36		$	0.45		$	(0.81)		$	0.83
Diluted:
Continuing operations		$	0.78		$	0.46		$	(0.77)		$	0.83
Discontinued operations		$	(0.42)		$	(0.01)		$	(0.04)		$	(0.01)
Net		$	0.36		$	0.44		$	(0.81)		$	0.82

Weighted-average antidilutive stock awards			1,336			1,168			1,254			1,059