EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

EARNINGS PER SHARE

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.

As of December 31, 2016, there were 455,000 stock options outstanding, of which 125,000 stock options with exercise prices ranging from $3.62 to $3.81 per share were excluded in the computation of diluted EPS because they were anti-dilutive.

As of December 31, 2015, there were 315,000 stock options outstanding, of which 200,000 stock options with exercise prices ranging from $3.10 to $3.81 per share were excluded in the computation of diluted EPS because 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:  

	Three Months Ended					Six Months Ended
	Dec. 31,			Dec. 31,		Dec. 31,			Dec. 31,
	2016			2015		2016			2015
	(Unaudited)			(Unaudited)		(Unaudited)			(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	316		$	188	$	619		$	452
(Loss) / income attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(6	)		2		(6	)		(3	)
Net Income Attributable to Trio-Tech International Common Shareholders	$	310		$	190	$	613		$	449
Weighted average number of common shares outstanding - basic		3,513			3,513		3,513			3,513
Dilutive effect of stock options		56			16		39			12
Number of shares used to compute earnings per share - diluted		3,569			3,529		3,552			3,525
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.09			0.05		0.18			0.13
Basic earnings per share from discontinued operations attributable to Trio-Tech International		—			—		—			—
Basic earnings per share from net income attributable to Trio-Tech International	$	0.09		$	0.05	$	0.18		$	0.13
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.09			0.05		0.17			0.13
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		—			—		—			—
Diluted earnings per share from net income attributable to Trio-Tech International	$	0.09		$	0.05	$	0.17		$	0.13