Net Income Per Share Attributable To MICROS Systems, Inc. Common Shareholders

9 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income Per Share Attributable To MICROS Systems, Inc. Common Shareholders

NET INCOME PER SHARE ATTRIBUTABLE TO MICROS SYSTEMS, INC. COMMON STOCKHOLDERS

Basic net income per share attributable to MICROS Systems, Inc. common stockholders is computed by dividing net income available to MICROS Systems, Inc. by the weighted-average number of shares outstanding. Diluted net income per share attributable to MICROS Systems, Inc. common stockholders includes additional dilution from shares of common stock issuable upon the exercise of outstanding stock options.

The following table provides a reconciliation of the net income available to MICROS Systems, Inc. to basic and diluted net income per share:

	Three Months Ended    March 31,				Nine Months Ended    March 31,
(in thousands, except per share data)	2014		2013		2014		2013
Net income attributable to MICROS Systems, Inc.	$	50,294	$	44,264	$	125,980	$	129,414
Weighted-average common shares outstanding	75,100		79,050		75,435		79,695
Dilutive effect of outstanding stock options	1,671		1,452		1,646		1,577
Weighted-average common shares outstanding assuming dilution	76,771		80,502		77,081		81,272
Basic net income per share attributable to MICROS Systems, Inc. common stockholders	$	0.67	$	0.56	$	1.67	$	1.62
Diluted net income per share attributable to MICROS Systems, Inc. common stockholders	$	0.66	$	0.55	$	1.63	$	1.59
Anti-dilutive weighted shares excluded from reconciliation	1,597		2,963		1,755		2,306

Results for the three months ended March 31, 2014 and 2013 include approximately $5.7 million ($3.8 million, net of tax) and $4.7 million ($3.2 million, net of tax), in non-cash share-based compensation expense, respectively. The non-cash share-based compensation expense reduced diluted net income per share attributable to MICROS Systems, Inc. common stockholders by $0.05 and $0.04 for the three months ended March 31, 2014 and 2013, respectively.

Results for the nine months ended March 31, 2014 and 2013 include approximately $16.4 million ($11.2 million, net of tax) and $16.3 million ($11.0 million, net of tax), in non-cash share-based compensation expense, respectively. The non-cash share-based compensation expense reduced diluted net income per share attributable to MICROS Systems, Inc. common stockholders by $0.15 and $0.14 for the nine months ended March 31, 2014 and 2013, respectively.