Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2016

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, 2016		March 31, 2015			March 31, 2016		March 31, 2015
	(In thousands, except per share data)
Basic EPS:
Net income (loss) attributable to Matrix Service Company	$	4,357	$	(2,959	)	$	19,729	$	6,241
Weighted average shares outstanding	26,758		26,711			26,651		26,593
Basic earnings (loss) per share	$	0.16	$	(0.11	)	$	0.74	$	0.23
Diluted EPS:
Weighted average shares outstanding – basic	26,758		26,711			26,651		26,593
Dilutive stock options	57		—			73		117
Dilutive nonvested deferred shares	239		—			467		465
Diluted weighted average shares	27,054		26,711			27,191		27,175
Diluted earnings (loss) per share	$	0.16	$	(0.11	)	$	0.73	$	0.23

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



	Three Months Ended		Nine Months Ended
	March 31, 2016	March 31, 2015	March 31, 2016	March 31, 2015
	(In thousands)
Nonvested deferred shares	269	268	113	139