Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 2015

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, 2015		December 31, 2014		December 31, 2015		December 31, 2014
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	5,431	$	3,286	$	15,372	$	9,200
Weighted average shares outstanding	26,721		26,600		26,598		26,535
Basic EPS	$	0.20	$	0.12	$	0.58	$	0.35
Diluted EPS:
Weighted average shares outstanding – basic	26,721		26,600		26,598		26,535
Dilutive stock options	76		115		81		131
Dilutive nonvested deferred shares	451		441		550		488
Diluted weighted average shares	27,248		27,156		27,229		27,154
Diluted EPS	$	0.20	$	0.12	$	0.56	$	0.34

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

	Three Months Ended		Six Months Ended
	December 31, 2015	December 31, 2014	December 31, 2015	December 31, 2014
	(In thousands)
Nonvested deferred shares	86	123	105	227