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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted income (loss) per share:

 

 

For the three months ended December 31,

 

 

For the six months ended December 31,

 

(in thousands except per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

29,693

 

 

$

(4,790

)

 

$

20,190

 

 

$

(7,539

)

Less: net income (loss) attributable to non-controlling interest, continuing operations

 

 

18

 

 

 

(129

)

 

 

(1,554

)

 

 

(233

)

Numerator for basic EPS - Net income (loss) from continuing operations attributable to Great Elm Group, Inc.

 

$

29,675

 

 

$

(4,661

)

 

$

21,744

 

 

$

(7,306

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from discontinued operations

 

 

35

 

 

 

631

 

 

 

999

 

 

 

3,486

 

Less: net income attributable to non-controlling interest, discontinued operations

 

 

180

 

 

 

208

 

 

 

1,504

 

 

 

618

 

Numerator for basic EPS - Net (loss) income from discontinued operations, attributable to Great Elm Group, Inc.

 

$

(145

)

 

$

423

 

 

$

(505

)

 

$

2,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense associated with Convertible Notes, continuing operations

 

$

480

 

 

$

-

 

 

$

960

 

 

$

-

 

Numerator for diluted EPS - Net income (loss) from continuing operations attributable to Great Elm Group, Inc., after the effect of dilutive securities

 

$

30,155

 

 

$

(4,661

)

 

$

22,704

 

 

$

(7,306

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for diluted EPS - Net (loss) income from discontinued operations, attributable to Great Elm Group, Inc.

 

$

(145

)

 

$

423

 

 

$

(505

)

 

$

2,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic EPS - Weighted average shares of common stock outstanding

 

 

28,803

 

 

 

26,462

 

 

 

28,672

 

 

 

26,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock

 

 

1,131

 

 

 

-

 

 

 

1,131

 

 

 

-

 

Convertible Notes

 

 

10,652

 

 

 

-

 

 

 

10,652

 

 

 

-

 

Denominator for diluted EPS - Weighted average shares of common stock outstanding after the effect of dilutive securities

 

 

40,586

 

 

 

26,462

 

 

 

40,455

 

 

 

26,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share from:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.03

 

 

$

(0.18

)

 

$

0.76

 

 

$

(0.28

)

Discontinued operations

 

 

(0.01

)

 

 

0.02

 

 

 

(0.02

)

 

 

0.11

 

Basic net income (loss) per share

 

$

1.02

 

 

$

(0.16

)

 

$

0.74

 

 

$

(0.17

)

Diluted income (loss) per share from:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.74

 

 

$

(0.18

)

 

$

0.56

 

 

$

(0.28

)

Discontinued operations

 

 

-

 

 

 

0.02

 

 

$

(0.01

)

 

 

0.11

 

Diluted net income (loss) per share

 

$

0.74

 

 

$

(0.16

)

 

$

0.55

 

 

$

(0.17

)