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Note 19 - Earnings Per Share | 6 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] |
19. | EARNINGS PER SHARE
Options to purchase 617,000 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of December 31, 2023. 284,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three months ended December 31, 2023, because they were anti-dilutive. Options to purchase 636,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of December 31, 2022. 405,500 stock options were excluded in the computation of diluted EPS for the three months ended December 31, 2022, 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 |  |  | Six Months Ended |
|  | Dec. 31, |  |  | Dec. 31, |  |  | Dec. 31, |  |  | Dec. 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax |  | $ | 503 |  |  | $ | 512 |  |  | $ | 730 |  |  | $ | 1,394 |
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax |  |  | 4 |  |  |  | (5 | ) |  |  | 7 |  |  |  | (5 | )
Net income attributable to Trio-Tech International Common Shareholders |  | $ | 507 |  |  | $ | 507 |  |  | $ | 737 |  |  | $ | 1,389 |
Weighted average number of common shares outstanding - basic |  |  | 4,120 |  |  |  | 4,074 |  |  |  | 4,109 |  |  |  | 4,074 |
Dilutive effect of stock options |  |  | 139 |  |  |  | 88 |  |  |  | 161 |  |  |  | 86 |
Number of shares used to compute earnings per share - diluted |  |  | 4,259 |  |  |  | 4,162 |  |  |  | 4,270 |  |  |  | 4,160 |
Basic earnings per share from continuing operations attributable to Trio-Tech International |  | $ | 0.12 |  |  |  | 0.12 |  |  |  | 0.18 |  |  |  | 0.34 |
Basic earnings per share from discontinued operations attributable to Trio-Tech International |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Basic earnings per share from net income attributable to Trio-Tech International |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.18 |  |  | $ | 0.34 |
Diluted earnings per share from continuing operations attributable to Trio-Tech International |  | $ | 0.12 |  |  |  | 0.12 |  |  |  | 0.17 |  |  |  | 0.33 |
Diluted earnings per share from discontinued operations attributable to Trio-Tech International |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Diluted earnings per share from net income attributable to Trio-Tech International |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.17 |  |  | $ | 0.33 |

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