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Note 9 - Earnings Per Share
9 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9. Earnings Per Share:

 

The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):

 

  

Quarter Ended

  

Nine Months Ended

 
  

March 31,

  

March 31,

 
  

2021

  2020  2021  2020 

Earnings per share – basic:

                
Net earnings, including noncontrolling interest $45,402  $36,432  $124,941  $170,451 
Less net earnings (loss) attributable to noncontrolling interest  (380)  -   (509)  - 

Net earnings attributable to Bio-Techne

 $45,782  $36,432  $125,450  $170,451 

Income allocated to participating securities

  (27

)

  (26

)

  (77

)

  (126

)

Income available to common shareholders

 $45,755  $36,406  $125,373  $170,325 

Weighted-average shares outstanding – basic

  38,856   38,303   38,693   38,167 

Earnings per share – basic

 $1.18  $0.95  $3.24  $4.46 
                 

Earnings per share – diluted:

                
Net earnings, including noncontrolling interest $45,402  $36,432  $124,941  $170,451 

Less net earnings (loss) attributable to noncontrolling interest

  (380)  -   (509)  - 

Net earnings attributable to Bio-Techne

 $45,782  $36,432  $125,450  $170,451 

Income allocated to participating securities

  (27

)

  (26

)

  (77

)

  (126

)

Income available to common shareholders

 $45,755  $36,406  $125,373  $170,325 

Weighted-average shares outstanding – basic

  38,856   38,303   38,693   38,167 

Dilutive effect of stock options and restricted stock units

  1,820   1,132   1,612   1,187 

Weighted-average common shares outstanding – diluted

  40,676   39,435   40,305   39,354 

Earnings per share – diluted

 $1.12  $0.92  $3.11  $4.33 

 

The dilutive effect of stock options and restricted stock units in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was 1.8 million and 1.1 million for the quarter ended March 31, 2021 and 2020, respectively and 1.6 million and 1.2 million for the nine months ended March 31, 2021 and 2020 respectively.