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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2018
Reconciliation of Denominators of Basic and Diluted Earnings Per Share Computations

The following is a reconciliation of the denominators of the basic and diluted earnings per share computations:

 

 

 

Years Ended June 30,

 

 

 

 

2018

 

 

 

2017

 

 

 

2016

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used to

   compute basic EPS

 

 

69.4

 

 

 

68.3

 

 

 

70.0

 

Effect of dilutive stock options

 

 

2.6

 

 

 

0.5

 

 

 

3.4

 

Weighted-average shares outstanding and dilutive

   securities used to compute diluted EPS

 

 

72.0

 

 

 

68.8

 

 

 

73.4

 

 

Schedule of Anti-Dilutive Options and Restricted Stock Units Excluded from EPS Computation

These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

 

 

 

Years Ended June 30,

 

 

 

 

2018

 

 

 

2017

 

 

 

2016

 

Anti-dilutive options and RSUs excluded from EPS

   computation

 

 

 

 

 

7.0

 

 

 

 

 

ASC 606  
Preliminarily Estimates Impact to Consolidated Statement of Operations

As a result of this change, the Company preliminarily estimates the following impact to its consolidated statement of operations for the years ended June 30, 2018 and 2017:

 

 

FY2018

 

 

FY2017

 

 

 

As Reported

 

 

Adjusted for ASC 606

 

 

As Adjusted

 

 

As Reported

 

 

Adjusted for ASC 606

 

 

As Adjusted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

772.6

 

 

$

(28.9

)

 

$

743.7

 

 

$

769.9

 

 

$

(41.2

)

 

$

728.7

 

Selling, general, and administrative expense

 

 

467.1

 

 

$

(32.1

)

 

 

435.0

 

 

 

476.4

 

 

$

(36.5

)

 

 

439.9

 

Income tax provision

 

 

(14.0

)

 

$

1.0

 

 

 

(13.0

)

 

 

20.6

 

 

$

(1.6

)

 

 

19.0

 

Net income attributable to Myriad Genetics, Inc. stockholders

 

 

131.1

 

 

$

2.2

 

 

 

133.3

 

 

 

20.5

 

 

$

(3.1

)

 

 

17.4

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.89

 

 

$

0.03

 

 

$

1.92

 

 

$

0.30

 

 

$

(0.05

)

 

$

0.25

 

Diluted

 

$

1.82

 

 

$

0.03

 

 

$

1.85

 

 

$

0.30

 

 

$

(0.05

)

 

$

0.25

 

 

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]  
Schedule of Cumulative Translation Adjustments Included in Accumulated Other Comprehensive Income/(Loss)

The following table shows the cumulative translation adjustments included in accumulated other comprehensive income/
(loss):

 

Ending balance June 30, 2017

 

$

(5.7

)

Period translation adjustments

 

 

1.6

 

Ending balance June 30, 2018

 

 

(4.1

)