Earnings per Share (Tables)

6 Months Ended

Dec. 31, 2020

Earnings per Share

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