25. EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2018

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.

Options to purchase 657,500 shares of Common Stock at exercise prices ranging from $3.41 to $5.98 per share were outstanding as of June 30, 2018. No outstanding options were excluded in the computation of diluted EPS for fiscal year 2018 since all options were dilutive.

Options to purchase 542,500 shares of Common Stock at exercise prices ranging from $2.07 to $4.14 per share were outstanding as of June 30, 2017. No outstanding options were excluded in the computation of diluted EPS for fiscal year 2017 since all options were 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,
	2018			2017
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	1,197		$	1,325
Loss attributable to Trio-Tech International common shareholders from discontinued operations, net of tax	$	(13	)	$	(9	)
Net income attributable to Trio-Tech International common shareholders	$	1,184		$	1,316
Weighted average number of common shares outstanding - basic		3,553			3,523
Dilutive effect of stock options		218			121
Number of shares used to compute earnings per share - diluted		3,771			3,644
Basic Earnings per Share:
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.34		$	0.38
Basic loss per share from discontinued operations attributable to Trio-Tech International	$	(0.01	)	$	-
Basic Earnings per Share from Net Income
Attributable to Trio-Tech International	$	0.33		$	0.38
Diluted Earnings per Share:
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.32		$	0.36
Diluted loss per share from discontinued operations attributable to Trio-Tech International		(0.01	)		-
Diluted Earnings per Share from Net Income
Attributable to Trio-Tech International	$	0.31		$	0.36