Earnings per Share (Tables)

3 Months Ended

Sep. 30, 2021

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 antidilutive (in thousands, except per share data). As a result of incurring a net loss from continuing operations for the three months ended September 30, 2021, potential common shares of 559 thousand were excluded from diluted loss per share because the effect would have been antidilutive.

	Three Months Ended
	September 30,
	2021		2020
Numerator:
Net income (loss) attributable to Adtalem:
Continuing operations	$	(40,634)	$	27,537
Discontinued operations		(17,370)		(7,607)
Net	$	(58,004)	$	19,930
Denominator:
Weighted-average basic shares outstanding		49,663		52,464
Effect of dilutive stock awards		—		333
Weighted-average diluted shares outstanding		49,663		52,797
Earnings (loss) per share attributable to Adtalem:
Basic:
Continuing operations	$	(0.82)	$	0.52
Discontinued operations	$	(0.35)	$	(0.14)
Net	$	(1.17)	$	0.38
Diluted:
Continuing operations	$	(0.82)	$	0.52
Discontinued operations	$	(0.35)	$	(0.14)
Net	$	(1.17)	$	0.38
Weighted-average antidilutive stock awards		1,045		948