Earnings per Common Share (Notes)

3 Months Ended

Sep. 30, 2016

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
	September 30, 2016		September 30, 2015
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	9,342	$	9,941
Weighted average shares outstanding	26,387		26,476
Basic earnings per share	$	0.35	$	0.38
Diluted EPS:
Weighted average shares outstanding – basic	26,387		26,476
Dilutive stock options	50		86
Dilutive nonvested deferred shares	359		488
Diluted weighted average shares	26,796		27,050
Diluted earnings per share	$	0.35	$	0.37

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

	Three Months Ended
	September 30, 2016	September 30, 2015
	(In thousands)
Nonvested deferred shares	78	56