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EARNINGS PER SHARE | 3 Months Ended
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Sep. 30, 2016
Notes to Financial Statements |
EARNINGS PER SHARE | The Company adopted ASC Topic 260, Earnings Per Share. Basic Earnings Per Share (“EPS”) is computed by dividing net income available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS give effect to all dilutive potential common shares outstanding during a period. In computing diluted EPS, the average price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants. Stock options to purchase 125,000 of Common Stock at exercise prices ranging from $3.62 to $3.81 per share were outstanding as of September 30, 2016 and were excluded in the computation of diluted EPS because their effect would have been anti-dilutive. Stock options to purchase 495,000 of Common Stock at exercise prices ranging from $2.26 to $3.2 per share were outstanding as of September 30, 2015. The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the years presented herein:
|  | Three Months Ended
|  | September 30,
|  | 2016 (Unaudited) |  | 2015 (Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax |  | $ | 303 |  |  | $ | 264 |
Loss attributable to Trio-Tech International common shareholders from discontinued operations, net of tax |  |  | — |  |  |  | (5 | )
Net income attributable to Trio-Tech International common shareholders |  | $ | 303 |  |  | $ | 259 |
Weighted average number of common shares outstanding - basic |  |  | 3,513 |  |  |  | 3,513 |
Dilutive effect of stock options |  |  | 66 |  |  |  | 8 |
Number of shares used to compute earnings per share – diluted |  |  | 3,579 |  |  |  | 3,521 |
Basic earnings per share from continuing operations attributable to Trio-Tech International |  |  | 0.09 |  |  |  | 0.08 |
Basic earnings per share from discontinued operations attributable to Trio-Tech International |  |  | — |  |  |  | — |
Basic earnings per share from net loss attributable to Trio-Tech International |  | $ | 0.09 |  |  | $ | 0.08 |
Diluted earnings per share from continuing operations attributable to Trio-Tech International |  |  | 0.08 |  |  |  | 0.08 |
Diluted earnings per share from discontinued operations attributable to Trio-Tech International |  |  | — |  |  |  | — |
Diluted earnings per share from net loss attributable to Trio-Tech International |  | $ | 0.08 |  |  | $ | 0.08 |

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