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Note 19 - Earnings Per Share | 9 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] |
19. | EARNINGS PER SHARE
Options to purchase 741,750 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of March 31, 2024. 140,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three months and nine months ended March 31, 2024, because they were anti-dilutive. Options to purchase 656,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of March 31, 2023. 285,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three and nine months ended March 31, 2023, 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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Income / (loss) attributable to Trio-Tech International common shareholders from continuing operations, net of tax |  | $ | 71 |  |  | $ | (10 | ) |  | $ | 801 |  |  | $ | 1,384 |
(Loss) / Income attributable to Trio-Tech International common shareholders from discontinued operations, net of tax |  |  | (1 | ) |  |  | 3 |  |  |  | 6 |  |  |  | (2 | )
Net income / (loss) attributable to Trio-Tech International Common Shareholders |  | $ | 70 |  |  | $ | (7 | ) |  | $ | 807 |  |  | $ | 1,382 |
Weighted average number of common shares outstanding - basic |  |  | 4,176 |  |  |  | 4,075 |  |  |  | 4,131 |  |  |  | 4,075 |
Dilutive effect of stock options |  |  | 106 |  |  |  | 84 |  |  |  | 143 |  |  |  | 86 |
Number of shares used to compute earnings per share - diluted |  |  | 4,282 |  |  |  | 4,159 |  |  |  | 4,274 |  |  |  | 4,161 |
Basic earnings per share from continuing operations attributable to Trio-Tech International |  | $ | 0.02 |  |  |  | - |  |  |  | 0.19 |  |  |  | 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 |  | $ | 0.02 |  |  | $ | - |  |  | $ | 0.19 |  |  | $ | 0.34 |
Diluted earnings per share from continuing operations attributable to Trio-Tech International |  | $ | 0.02 |  |  |  | - |  |  |  | 0.19 |  |  |  | 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 |  | $ | 0.02 |  |  | $ | - |  |  | $ | 0.19 |  |  | $ | 0.33 |

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