25. EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

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

The Company adopted ASC Topic 260, Earnings Per Share. Basic earnings per share (“EPS”) are 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 give 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.

Options to purchase 366,250 shares of Common Stock at exercise prices ranging from $2.07 to $3.26 per share were outstanding as of June 30, 2016. All the other outstanding options were excluded in the computation of diluted EPS for fiscal year 2016 since they were anti-dilutive.

Options to purchase 430,000 shares of Common Stock at exercise prices ranging from $3.10 to $4.35 per share were outstanding as of June 30, 2015. All the outstanding options were excluded in the computation of diluted EPS for fiscal year 2015 since they were 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:

		For the Year Ended June 30,
		2016			2015
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	788		$	517
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax	$	(9	)	$	4
Net income attributable to Trio-Tech International common shareholders	$	779		$	521
Weighted average number of common shares outstanding - basic		3,513			3,513
Dilutive effect of stock options		22			16
Number of shares used to compute earnings per share - diluted		3,535			3,529
Basic and diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.22		$	0.15
Basic and diluted earnings per share from discontinued operations attributable to Trio-Tech International	$	-		$	-
Basic and diluted earnings per share from net income attributable to Trio-Tech International	$	0.22		$	0.15