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EARNINGS PER SHARE
 9 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
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.

 

Options to purchase 674,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of March 31, 2021. 140,000 stock options were excluded in the computation of diluted EPS for the three months ended March 31, 2021 because they were anti-dilutive.

 

Options to purchase 763,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of March 31, 2020. 212,500 stock options were excluded in the computation of diluted EPS for the three months ended March 31, 2020 because they were anti-dilutive.

 

The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the period presented herein:  

 

    Three Months Ended     Nine Months Ended        
    Mar. 31,     Mar. 31,     Mar. 31,     Mar. 31,  
    2021     2020     2021     2020  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
                         
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax   $ 177     $ 81     $ 418     $ 780  
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax     1       (11 )     (13 )     (11 )
Net income attributable to Trio-Tech International Common Shareholders   $ 178     $ 70     $ 405     $ 769  
                                 
Weighted average number of common shares outstanding - basic     3,913       3,673       3,913       3,673  
                                 
Dilutive effect of stock options     133       86       117       61  
Number of shares used to compute earnings per share - diluted     4,046       3,759       4,030       3,734  
                                 
Basic earnings per share from continuing operations attributable to Trio-Tech International   $ 0.05       0.02       0.11       0.21  
Basic earnings per share from discontinued operations attributable to Trio-Tech International     -       -       -       -  
Basic earnings per share from net income attributable to Trio-Tech International   $ 0.05     $ 0.02     $ 0.11     $ 0.21  
                                 
Diluted earnings per share from continuing operations attributable to Trio-Tech International   $ 0.04       0.02       0.10       0.21  
Diluted earnings per share from discontinued operations attributable to Trio-Tech International     -       -       -       -  
Diluted earnings per share from net income attributable to Trio-Tech International   $ 0.04     $ 0.02     $ 0.10     $ 0.21