Note R - Earnings Per Share

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

R. EARNINGS PER SHARE

The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period.  The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. 

The components of basic and diluted earnings per share were as follows:

	2024			2023
Basic:
Net income	$	11,246		$	10,677
Less: Net earnings attributable to noncontrolling interest		(258	)		(297	)
Less: Undistributed earnings attributable to unvested shares		-			-
Net income attributable to Twin Disc, Incorporated		10,988			10,380
Weighted average shares outstanding - basic		13,683			13,468
Basic Income Per Share:
Net income per share - basic	$	0.80		$	0.77
Diluted:
Net income	$	11,246		$	10,677
Less: Net earnings attributable to noncontrolling interest		(258	)		(297	)
Less: Undistributed earnings attributable to unvested shares		-			-
Net income attributable to Twin Disc, Incorporated		10,988			10,380
Weighted average shares outstanding - basic		13,683			13,468
Effect of dilutive stock awards		194			343
Weighted average shares outstanding - diluted		13,877			13,811
Diluted Income Per Share:
Net income per share - diluted	$	0.79		$	0.75