Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 2014

Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares.

The computation of basic and diluted earnings per share is as follows:



	Three Months Ended				Six Months Ended
	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	3,286	$	10,306	$	9,200	$	16,858
Weighted average shares outstanding	26,600		26,245		26,535		26,180
Basic EPS	$	0.12	$	0.39	$	0.35	$	0.64
Diluted EPS:
Weighted average shares outstanding – basic	26,600		26,245		26,535		26,180
Dilutive stock options	115		168		131		157
Dilutive nonvested deferred shares	441		471		488		435
Diluted weighted average shares	27,156		26,884		27,154		26,772
Diluted EPS	$	0.12	$	0.38	$	0.34	$	0.63

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:



	Three Months Ended		Six Months Ended
	December 31, 2014	December 31, 2013	December 31, 2014	December 31, 2013
	(In thousands)
Nonvested deferred shares	123	4	227	2

- Definition

The entire disclosure for earnings per share.

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