EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2012

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 March 31,				Nine Months Ended March 31,
	2012		2011		2012		2011
	(in 000s, except per share amounts)
Amounts attributable to Bally Technologies, Inc.:
Income from continuing operations, net of tax	$	29,967	$	23,766	$	74,627	$	73,210
Loss on sale of discontinued operations, net of tax	—		—		—		(403		)
Net income	$	29,967	$	23,766	$	74,627	$	72,807
Weighted average common shares outstanding	43,087		52,923		43,229		53,311
Dilutive effect of:
Stock options, Restricted Stock Units (“RSU”) and restricted stock	1,965		2,602		1,909		2,536
Warrants	—		2		—		2
Weighted average diluted shares outstanding	45,052		55,527		45,138		55,849
Basic earnings per share attributable to Bally Technologies, Inc.
Income from continuing operations	$	0.70	$	0.45	$	1.73	$	1.38
Loss on sale of discontinued operations	—		—		—		(0.01		)
Basic earnings per share	$	0.70	$	0.45	$	1.73	$	1.37
Diluted earnings per share attributable to Bally Technologies, Inc.
Income from continuing operations	$	0.67	$	0.43	$	1.65	$	1.31
Loss on sale of discontinued operations	—		—		—		(0.01		)
Diluted earnings per share	$	0.67	$	0.43	$	1.65	$	1.30

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 March 31,		Nine Months Ended March 31,
	2012	2011	2012	2011
	(in 000s)
Stock options, RSU and restricted stock	524	624	713	644