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Earnings per Common Share | 12 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Earnings per Common Share | Earnings per Common Share Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director stock options and nonvested deferred shares. Stock options are considered dilutive whenever the exercise price is less than the average market price of the stock during the period and antidilutive whenever the exercise price exceeds the average market price of the common stock during the period. Nonvested deferred shares are considered dilutive (antidilutive) whenever the average market value of the shares during the period exceeds (is less than) the sum of the related average unamortized compensation expense during the period plus the related hypothetical estimated excess tax benefit that will be realized when the shares vest. Stock options and nonvested deferred shares are considered antidilutive in the event we report a net loss. The computation of basic and diluted EPS is as follows:
|  | Years Ended
|  | June 30, 2017 |  | June 30, 2016 |  | June 30, 2015
|  | (In thousands, except per share data)
Basic EPS: |  |  |  |  |  |
Net income (loss) attributable to Matrix Service Company |  | $ | (183 | ) |  | $ | 28,863 |  |  | $ | 17,157 |
Weighted average shares outstanding |  | 26,533 |  |  | 26,597 |  |  | 26,603 |
Basic earnings (loss) per share |  | $ | (0.01 | ) |  | $ | 1.09 |  |  | $ | 0.64 |
Diluted EPS: |  |  |  |  |  |
Weighted average shares outstanding—basic |  | 26,533 |  |  | 26,597 |  |  | 26,603 |
Dilutive stock options |  | — |  |  | 68 |  |  | 110 |
Dilutive nonvested deferred shares |  | — |  |  | 435 |  |  | 464 |
Diluted weighted average shares |  | 26,533 |  |  | 27,100 |  |  | 27,177 |
Diluted earnings (loss) per share |  | $ | (0.01 | ) |  | $ | 1.07 |  |  | $ | 0.63 |
The following securities are considered antidilutive and have been excluded from the calculation of diluted earnings (loss) per share:
|  | Twelve Months Ended
|  | June 30, 2017 |  | June 30, 2016 |  | June 30, 2015
|  | (In thousands)
Stock options |  | 43 |  |  | — |  |  | — |
Nonvested deferred shares |  | 430 |  |  | 56 |  |  | 148 |
Total antidilutive securities |  | 473 |  |  | 56 |  |  | 148 |

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