| 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, | | | | 2020 | | 2019 | | 2020 | | 2019 | | Numerator: | | | | | | | | | | | | | | Net income (loss) attributable to Adtalem: | | | | | | | | | | | | | | Continuing operations | | $ | 31,754 | | $ | 1,408 | | $ | 59,291 | | $ | 18,925 | | Discontinued operations | | | (8,439) | | | 4,117 | | | (16,046) | | | 961 | | Net | | $ | 23,315 | | $ | 5,525 | | $ | 43,245 | | $ | 19,886 | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | Weighted-average shares outstanding | | | 51,654 | | | 53,412 | | | 51,809 | | | 54,215 | | Unvested participating RSUs | | | 597 | | | 478 | | | 549 | | | 476 | | Weighted-average basic shares outstanding | | | 52,251 | | | 53,890 | | | 52,358 | | | 54,691 | | Effect of dilutive stock awards | | | 190 | | | 390 | | | 264 | | | 501 | | Weighted-average diluted shares outstanding | | | 52,441 | | | 54,280 | | | 52,622 | | | 55,192 | | | | | | | | | | | | | | | | Earnings (loss) per share attributable to Adtalem: | | | | | | | | | | | | | | Basic: | | | | | | | | | | | | | | Continuing operations | | $ | 0.61 | | $ | 0.03 | | $ | 1.13 | | $ | 0.35 | | Discontinued operations | | $ | (0.16) | | $ | 0.08 | | $ | (0.31) | | $ | 0.02 | | Net | | $ | 0.45 | | $ | 0.10 | | $ | 0.83 | | $ | 0.36 | | Diluted: | | | | | | | | | | | | | | Continuing operations | | $ | 0.61 | | $ | 0.03 | | $ | 1.13 | | $ | 0.34 | | Discontinued operations | | $ | (0.16) | | $ | 0.08 | | $ | (0.30) | | $ | 0.02 | | Net | | $ | 0.44 | | $ | 0.10 | | $ | 0.82 | | $ | 0.36 | | | | | | | | | | | | | | | | Weighted-average anti-dilutive stock awards | | | 1,168 | | | 1,025 | | | 1,059 | | | 910 | |
|