EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2014

Notes to Financial Statements

EARNINGS PER SHARE (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period.  Diluted EPS gives effect to all dilutive potential common shares outstanding during a period.  In computing diluted EPS, the average price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants.

Stock options to purchase 462,000 shares of Common Stock at exercise prices ranging from $1.72 to $9.57 per share were outstanding as of March 31, 2014 and were excluded in the computation of diluted EPS because their effect would have been anti-dilutive.

Stock options to purchase 609,000 shares of Common Stock at exercise prices ranging from $1.72 to $9.57 per share were outstanding as of March 31, 2013 and were excluded in the computation of diluted EPS because their effect would have been anti-dilutive.

The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the years presented herein:

	Nine Months Ended						Three Months Ended
	March 31, 2014 (Unaudited)			March 31, 2013 (Unaudited)			March 31, 2014 (Unaudited)		March 31, 2013 (Unaudited)
Income / (loss) attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	(204	)	$	(810	)	$	138	$	(530	)
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax	$	(21	)	$	(255)		$	19	$	(13	)
Net (loss) / income attributable to Trio-Tech International common shareholders	$	(225	)	$	(1,065	)	$	157	$	(543	)
Basic and diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International	$	(0.06	)	$	(0.24	)	$	0.04	$	(0.15	)
Basic and diluted (loss) / earnings per share from discontinued operations attributable to Trio-Tech International	$	-		$	(0.08	)	$	0.01	$	(0.01	)
Basic and diluted (loss) / earnings per share from net (loss) / income attributable to Trio-Tech International	$	(0.06	)	$	(0.32	)	$	0.05	$	(0.16	)
Weighted average number of common shares outstanding - basic		3,513			3,322			3,513		3,322
Dilutive effect of stock options		-			-			69		-
Number of shares used to compute earnings per share - diluted		3,513			3,322			3,582		3,322