| Earnings Per Share, Basic and Diluted |
The following table presents the calculation of basic and diluted income (loss) per share:
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For the three months ended December 31, |
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For the six months ended December 31, |
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(in thousands except per share amounts) |
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2022 |
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2021 |
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2022 |
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2021 |
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Numerator: |
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Net income (loss) from continuing operations |
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$ |
29,693 |
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$ |
(4,790 |
) |
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$ |
20,190 |
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$ |
(7,539 |
) |
Less: net income (loss) attributable to non-controlling interest, continuing operations |
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18 |
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(129 |
) |
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(1,554 |
) |
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|
(233 |
) |
Numerator for basic EPS - Net income (loss) from continuing operations attributable to Great Elm Group, Inc. |
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$ |
29,675 |
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$ |
(4,661 |
) |
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$ |
21,744 |
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$ |
(7,306 |
) |
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Net income from discontinued operations |
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35 |
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631 |
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|
999 |
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3,486 |
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Less: net income attributable to non-controlling interest, discontinued operations |
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180 |
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208 |
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1,504 |
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|
618 |
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Numerator for basic EPS - Net (loss) income from discontinued operations, attributable to Great Elm Group, Inc. |
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$ |
(145 |
) |
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$ |
423 |
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$ |
(505 |
) |
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$ |
2,868 |
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Effect of dilutive securities: |
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Interest expense associated with Convertible Notes, continuing operations |
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$ |
480 |
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$ |
- |
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$ |
960 |
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$ |
- |
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Numerator for diluted EPS - Net income (loss) from continuing operations attributable to Great Elm Group, Inc., after the effect of dilutive securities |
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$ |
30,155 |
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$ |
(4,661 |
) |
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$ |
22,704 |
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$ |
(7,306 |
) |
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Numerator for diluted EPS - Net (loss) income from discontinued operations, attributable to Great Elm Group, Inc. |
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$ |
(145 |
) |
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$ |
423 |
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$ |
(505 |
) |
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$ |
2,868 |
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Denominator: |
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Denominator for basic EPS - Weighted average shares of common stock outstanding |
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28,803 |
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26,462 |
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28,672 |
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26,222 |
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Effect of dilutive securities: |
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Restricted stock |
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1,131 |
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- |
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1,131 |
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- |
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Convertible Notes |
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10,652 |
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- |
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10,652 |
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- |
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Denominator for diluted EPS - Weighted average shares of common stock outstanding after the effect of dilutive securities |
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40,586 |
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26,462 |
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40,455 |
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26,222 |
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Basic income (loss) per share from: |
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Continuing operations |
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$ |
1.03 |
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$ |
(0.18 |
) |
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$ |
0.76 |
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$ |
(0.28 |
) |
Discontinued operations |
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(0.01 |
) |
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0.02 |
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(0.02 |
) |
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0.11 |
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Basic net income (loss) per share |
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$ |
1.02 |
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$ |
(0.16 |
) |
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$ |
0.74 |
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$ |
(0.17 |
) |
Diluted income (loss) per share from: |
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Continuing operations |
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$ |
0.74 |
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$ |
(0.18 |
) |
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$ |
0.56 |
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$ |
(0.28 |
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Discontinued operations |
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- |
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0.02 |
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$ |
(0.01 |
) |
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0.11 |
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Diluted net income (loss) per share |
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$ |
0.74 |
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$ |
(0.16 |
) |
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$ |
0.55 |
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$ |
(0.17 |
) |
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