Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares.

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended				Six Months Ended
	December 31, 2013		December 31, 2012		December 31, 2013		December 31, 2012
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	10,306	$	5,436	$	16,858	$	10,120
Weighted average shares outstanding	26,245		25,939		26,180		25,863
Basic EPS	$	0.39	$	0.21	$	0.64	$	0.39
Diluted EPS:
Weighted average shares outstanding – basic	26,245		25,939		26,180		25,863
Dilutive stock options	168		59		157		65
Dilutive nonvested deferred shares	471		206		435		244
Diluted weighted average shares	26,884		26,204		26,772		26,172
Diluted EPS	$	0.38	$	0.21	$	0.63	$	0.39

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

	Three Months Ended		Six Months Ended
	December 31, 2013	December 31, 2012	December 31, 2013	December 31, 2012
	(In thousands)
Stock options	—	327	—	327
Nonvested deferred shares	4	71	2	36
Total antidilutive securities	4	398	2	363