EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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 724,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of December 31, 2020. 212,500 stock options were excluded in the computation of diluted EPS for the three months ended December 31, 2020 because they were anti-dilutive.

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. 188,125 stock options were excluded in the computation of diluted EPS for three months ended December 31, 2019, because they were antidilutive.

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,
	2020			2019		2020			2019
	(Unaudited)			(Unaudited)		(Unaudited)			(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	246		$	425	$	241		$	699
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(11	)		1		(14	)		-
Net income attributable to Trio-Tech International Common Shareholders	$	235		$	426	$	227		$	699
Weighted average number of common shares outstanding - basic		3,710			3,673		3,710			3,673
Dilutive effect of stock options		90			52		83			33
Number of shares used to compute earnings per share - diluted		3,800			3,725		3,793			3,706
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.06			0.12		0.06			0.19
Basic earnings per share from discontinued operations attributable to Trio-Tech International		-			-		-			-
Basic earnings per share from net income attributable to Trio-Tech International	$	0.06		$	0.12	$	0.06		$	0.19
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.06			0.11		0.06			0.19
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-		-			-
Diluted earnings per share from net income attributable to Trio-Tech International	$	0.06		$	0.11	$	0.06		$	0.19