Earnings per Share

6 Months Ended

Dec. 31, 2019

Earnings per Share

Earnings per Share

8. Earnings per Share

The following table sets forth the computations of basic and diluted earnings per share and stock awards not included in the computation of diluted earnings per share when their effect is anti-dilutive (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2019		2018		2019		2018
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations	$	1,408	$	41,945	$	18,925	$	37,158
Discontinued operations		4,117		(24,650)		961		(29,393)
Net	$	5,525	$	17,295	$	19,886	$	7,765
Denominator:
Weighted-average shares outstanding		53,412		58,640		54,215		59,181
Unvested participating RSUs		478		545		476		575
Weighted-average basic shares outstanding		53,890		59,185		54,691		59,756
Effect of dilutive stock awards		390		815		501		842
Weighted-average diluted shares outstanding		54,280		60,000		55,192		60,598
Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations	$	0.03	$	0.71	$	0.35	$	0.62
Discontinued operations	$	0.08	$	(0.42)	$	0.02	$	(0.49)
Net	$	0.10	$	0.29	$	0.36	$	0.13
Diluted:
Continuing operations	$	0.03	$	0.70	$	0.34	$	0.61
Discontinued operations	$	0.08	$	(0.41)	$	0.02	$	(0.49)
Net	$	0.10	$	0.29	$	0.36	$	0.13
Weighted-average anti-dilutive stock awards		1,025		227		910		282