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Note 18 - Earnings Per Share

3 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

18. EARNINGS PER SHARE

As at September 30, 2021, the Company had $505 of remaining performance obligations, which represents our obligation to deliver products and services. Given the profile of contract terms, the majority of this amount is expected to be recognized as revenue over the next two years.

Options to purchase 751,000 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of September 30, 2020. 17,714 stock options were included in the computation of diluted EPS for the three months ended September 30, 2020, because they were 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
		September 30,
		2021 (Unaudited)				2020 (Unaudited)
Income / (Loss) attributable to Trio-Tech International common shareholders from continuing operations, net of tax		$	914			$	(5	)
Income/ (Loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax			3				(3	)
Net Income / (Loss) attributable to Trio-Tech International common shareholders		$	917			$	(8	)
Weighted average number of common shares outstanding - basic			3,913				3,686
Dilutive effect of stock options			94				18
Number of shares used to compute earnings per share – diluted			4,007				3,704
Basic earnings per share from continuing operations attributable to Trio-Tech International			0.23				-
Basic earnings per share from discontinued operations attributable to Trio-Tech International			-				-
Basic earnings per share from net income attributable to Trio-Tech International		$	0.23			$	-
Diluted earnings per share from continuing operations attributable to Trio-Tech International			0.23				-
Diluted earnings per share from discontinued operations attributable to Trio-Tech International			-				-
Diluted earnings per share from net income attributable to Trio-Tech International		$	0.23			$	-

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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