EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

2.             EARNINGS PER SHARE

Basic earnings per share are computed by dividing earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflect the additional dilution from all potentially dilutive securities.

The computation of basic and diluted earnings per share applicable to the Company’s common stock is as follows:

	Three Months Ended September 30,
	2011		2010
	(in 000s, except per share amounts)
Amounts attributable to Bally Technologies, Inc.:
Income from continuing operations, net of tax	$	20,392	$	22,192
Loss on sale of discontinued operations, net of tax	—		(403		)
Net income	$	20,392	$	21,789
Weighted average shares outstanding	43,708		53,676
Dilutive effect of:
Stock options, Restricted Stock Units (“RSU”) and restricted stock	1,859		2,355
Warrants	—		1
Weighted average diluted shares outstanding	45,567		56,032
Basic earnings per share attributable to Bally Technologies, Inc.
Income from continuing operations	$	0.47	$	0.42
Loss on sale of discontinued operations	—		(0.01		)
Basic earnings per share	$	0.47	$	0.41
Diluted earnings per share attributable to Bally Technologies, Inc.
Income from continuing operations	$	0.45	$	0.40
Loss on sale of discontinued operations	—		(0.01		)
Diluted earnings per share	$	0.45	$	0.39

Certain securities were excluded from the diluted per share calculation because their inclusion would be anti-dilutive. Such securities consist of the following:

	Three Months Ended September 30,
	2011	2010
	(in 000s)
Stock options, RSU and restricted stock	785	793