Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 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				Six Months Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
	(In thousands, except per share data)
Basic EPS:
Net income attributable to Matrix Service Company	$	5,250	$	5,431	$	14,592	$	15,372
Weighted average shares outstanding	26,553		26,721		26,470		26,598
Basic earnings per share	$	0.20	$	0.20	$	0.55	$	0.58
Diluted EPS:
Weighted average shares outstanding – basic	26,553		26,721		26,470		26,598
Dilutive stock options	55		76		53		81
Dilutive nonvested deferred shares	224		451		319		550
Diluted weighted average shares	26,832		27,248		26,842		27,229
Diluted earnings per share	$	0.20	$	0.20	$	0.54	$	0.56

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

	Three Months Ended		Six Months Ended
	December 31, 2016	December 31, 2015	December 31, 2016	December 31, 2015
	(In thousands)
Nonvested deferred shares	64	86	137	105