Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2015

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					Nine Months Ended
	March 31, 2015			March 31, 2014		March 31, 2015		March 31, 2014
	(In thousands, except per share data)
Basic EPS:
Net income (loss) attributable to Matrix Service Company	$	(2,959	)	$	11,396	$	6,241	$	28,254
Weighted average shares outstanding	26,711			26,374		26,593		26,244
Basic EPS	$	(0.11	)	$	0.43	$	0.23	$	1.08
Diluted EPS:
Weighted average shares outstanding – basic	26,711			26,374		26,593		26,244
Dilutive stock options	—			187		117		176
Dilutive nonvested deferred shares	—			479		465		478
Diluted weighted average shares	26,711			27,040		27,175		26,898
Diluted EPS	$	(0.11	)	$	0.42	$	0.23	$	1.05

Since the net income attributable to Matrix Service Company was negative, neither the options or nonvested deferred shares are dilutive, accordingly, are excluded from the earnings per share calculations for the three months ended March 31, 2015,

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



	Three Months Ended		Nine Months Ended
	March 31, 2015	March 31, 2014	March 31, 2015	March 31, 2014
	(In thousands)
Nonvested deferred shares	268	—	139	15

- Definition

The entire disclosure for earnings per share.

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