Earnings per Common Share (Notes)

3 Months Ended

Sep. 30, 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
	September 30, 2015		September 30, 2014
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	9,941	$	5,914
Weighted average shares outstanding	26,476		26,470
Basic EPS	$	0.38	$	0.22
Diluted EPS:
Weighted average shares outstanding – basic	26,476		26,470
Dilutive stock options	86		147
Dilutive nonvested deferred shares	488		517
Diluted weighted average shares	27,050		27,134
Diluted EPS	$	0.37	$	0.22

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



	Three Months Ended
	September 30, 2015	September 30, 2014
	(In thousands)
Nonvested deferred shares	56	63