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(Loss) Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2020
(Loss) Earnings Per Share [Abstract]  
Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations

 

 

 

 

 

 

 

Three months ended

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

2020

 

 

 

2019

 

 

 

 

 

 

 

 

 

(in thousands except

 

 

 

 

 

 

 

 

 

percent and

 

 

 

 

 

 

 

 

 

per share data)

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Net1

 

$

(28,958)

 

 

$

(4,392)

 

 

 

Undistributed (loss) earnings

 

 

(28,958)

 

 

 

(4,392)

 

 

 

 

 

Continuing

 

 

(28,958)

 

 

 

(7,327)

 

 

 

 

 

Discontinued

 

$

-

 

 

$

2,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percent allocated to common shareholders (Calculation 1)

 

 

98

 

 

 

99

 

 

 

Numerator for (loss) earnings per share: basic and diluted

 

 

(28,443)

 

 

 

(4,346)

 

 

 

 

 

Continuing

 

 

(28,443)

 

 

 

(7,251)

 

 

 

 

 

Discontinued

 

 

-

 

 

 

2,905

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

weighted-average common shares outstanding

 

 

56,104

 

 

 

55,985

 

 

 

 

 

Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assuming conversion

 

 

56,104

 

 

 

55,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Earnings per share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.51)

 

 

$

(0.08)

 

 

 

 

 

Continuing

 

$

(0.51)

 

 

$

(0.13)

 

 

 

 

 

Discontinued

 

$

-

 

 

$

0.05

 

 

 

Diluted

 

$

(0.51)

 

 

$

(0.08)

 

 

 

 

 

Continuing

 

$

(0.51)

 

 

$

(0.13)

 

 

 

 

 

Discontinued

 

$

-

 

 

$

0.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Calculation 1)

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding (A)

 

 

56,104

 

 

 

55,985

 

 

 

Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)

 

 

57,119

 

 

 

56,568

 

 

 

Percent allocated to common shareholders (A) / (B)

 

 

98

 

 

 

99