Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2014

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				Nine Months Ended
	March 31, 2014		March 31, 2013		March 31, 2014		March 31, 2013
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	11,396	$	6,521	$	28,254	$	16,641
Weighted average shares outstanding	26,374		26,039		26,244		25,921
Basic EPS	$	0.43	$	0.25	$	1.08	$	0.64
Diluted EPS:
Weighted average shares outstanding – basic	26,374		26,039		26,244		25,921
Dilutive stock options	187		112		176		71
Dilutive nonvested deferred shares	479		260		478		277
Diluted weighted average shares	27,040		26,411		26,898		26,269
Diluted EPS	$	0.42	$	0.25	$	1.05	$	0.63

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

	Three Months Ended		Nine Months Ended
	March 31, 2014	March 31, 2013	March 31, 2014	March 31, 2013
	(In thousands)
Stock options	—	—	—	307
Nonvested deferred shares	—	—	15	1
Total antidilutive securities	—	—	15	308