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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Schedule of Costs, Estimated Earnings and Billings on Percentage of Completion Contracts

Costs, estimated earnings and billings on percentage of completion contracts as of June 30, 2018 and 2017 consisted of the following (in thousands):

June 30,		2018				2017
Costs incurred on uncompleted contracts		$	5,286			$	20,088
Estimated earnings			1,072				6,031
Less: billings to date			(5,605	)			(28,179	)
Ending balance		$	753			$	(2,060	)

Schedule of Amounts Included in Consolidated Balance Sheet

These amounts are included in the Company’s consolidated balance sheets under the following captions (in thousands):

June 30,		2018				2017
Costs and estimated earnings in excess of billings (Other current assets)		$	1,012			$	86
Billings in excess of costs on uncompleted contracts			(259	)			(2,146	)
Ending balance		$	753			$	(2,060	)

Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for fiscal 2018 and fiscal 2017 are computed as follows (in thousands except per share data):

		For the years ended June 30,
		2018				2017
Net income		$	3,966			$	3,167
Less: distributed and undistributed income allocated        to non-vested restricted common stock			295				248
Net income allocated to EnviroStar, Inc. shareholders		$	3,671			$	2,919
Weighted average shares outstanding used in basic        earnings per share			10,840				9,449
Dilutive common share equivalents			437				88
Weighted average shares outstanding used in dilutive        earnings per share			11,277				9,537
Basic earnings per share		$	0.34			$	0.31
Diluted earnings per share		$	0.33			$	0.31

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Tabular disclosure of costs, estimated earnings and billings on uncompleted contracts.

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Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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