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Note 18 - Earnings Per Share
 3 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

18.  EARNINGS PER SHARE

 

Options to purchase 636,375 shares of Common Stock at exercise prices ranging from $3.75 to $7.76 per share were outstanding as of September 30, 2022. 84,625 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three months ended September 30, 2022, because they were anti-dilutive.

 

Options to purchase 674,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of September 30, 2021. 94,011 stock options were included in the computation of diluted EPS for the three months ended September 30, 2021, because they 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

 
  

September 30,

 
  

2022

  

2021

 
  

(Unaudited)

  

(Unaudited)

 

Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax

 $882  $914 

Income attributable to Trio-Tech International common shareholders from discontinued operations, net of tax

  -   3 

Net Income attributable to Trio-Tech International common shareholders

 $882  $917 
         

Weighted average number of common shares outstanding – basic

  4,077   3,913 

Dilutive effect of stock options

  81   94 

Number of shares used to compute earnings per share – diluted

  4,158   4,007 
         

Basic earnings per share from continuing operations attributable to Trio-Tech International

  0.22   0.23 
         

Basic earnings per share from discontinued operations attributable to Trio-Tech International

  -   - 

Basic earnings per share from net income attributable to Trio-Tech International

 $0.22  $0.23 
         

Diluted earnings per share from continuing operations attributable to Trio-Tech International

  0.21   0.23 
         

Diluted earnings per share from discontinued operations attributable to Trio-Tech International

  -   - 

Diluted earnings per share from net income attributable to Trio-Tech International

 $0.21  $0.23