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EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2019

The Company adopted ASC Topic 260, Earnings Per Share. Basic Earnings Per Share (“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 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 623,500 shares of Common Stock at exercise prices ranging from $2.69 to $5.98 per share were outstanding as of December 31, 2019. No outstanding options were excluded in the computation of diluted EPS for fiscal year 2020 since all options were dilutive.

Options to purchase 533,500 shares of Common Stock at exercise prices ranging from $2.69 to $5.98 per share were outstanding as of December 31, 2018. No outstanding options were excluded in the computation of diluted EPS for fiscal year 2019 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 period presented herein:

	Three Months Ended				Six Months Ended
	Dec. 31,		Dec. 31,		Dec. 31,		Dec. 31,
	2019		2018		2019		2018
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	425	$	346	$	699	$	415
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		1		2		—		(2	)
Net Income Attributable to Trio-Tech International Common Shareholders	$	426	$	348	$	699	$	413

Weighted average number of common shares outstanding - basic		3,673		3,673		3,673		3,673

Dilutive effect of stock options		52		108		33		142
Number of shares used to compute earnings per share - diluted		3,725		3,781		3,706		3,815

Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.12		0.09		0.19		0.11
Basic earnings per share from discontinued operations attributable to Trio-Tech International		—		—		—		—
Basic earnings per share from net income attributable to Trio-Tech International	$	0.12	$	0.09	$	0.19	$	0.11

Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.11		0.09		0.19		0.11
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		—		—		—		—
Diluted earnings per share from net income attributable to Trio-Tech International	$	0.11	$	0.09	$	0.19	$	0.11