Earnings Per Share

9 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Note (4) - Earnings Per Share: The Company computes earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of the Company’s common stock subject to unvested restricted stock awards are considered participating securities because these awards contain a non-forfeitable right to cash dividends paid prior to forfeiture of the restricted stock, if any, irrespective of whether the awards ultimately vest. Basic and diluted earnings per share for the three and nine months ended March 31, 2018 and 2017 are computed as follows (in thousands, except per share data):

	For the nine months ended March 31,				For the three months ended March 31,
	2018 (Unaudited)		2017 (Unaudited)		2018 (Unaudited)		2017 (Unaudited)
Net income	$	3,209	$	2,570	$	1,136	$	890
Less: distributed and undistributed            income allocated to unvested            restricted common stock		243		107		86		37
Net income allocated to            EnviroStar, Inc.            shareholders	$	2,966	$	2,463	$	1,050	$	853
Weighted average shares            outstanding used in basic            earnings per share		10,728		9,140		11,020		10,369
Dilutive common share            equivalents		417		32		499		96
Weighted average shares            outstanding used in diluted            earnings per share		11,145		9,172		11,519		10,465
Basic earnings per share	$	0.28	$	0.27	$	0.10	$	0.08
Diluted earnings per share	$	0.27	$	0.27	$	0.09	$	0.08

At March 31, 2018 and 2017, other than the restricted common stock discussed above, there were no potentially dilutive securities outstanding.