Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.3
Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the three months ended September 30, 2019 and 2018 are computed as follows (in thousands, except per share data):

    For the three months ended
September 30,
    2019
(Unaudited)
  2018
(Unaudited)
         
Net income   $ 580     $ 796  
Less: distributed and undistributed
     income allocated to unvested
     restricted common stock
    40       58  
Net income allocated to
     EVI Industries, Inc.
     shareholders
  $ 540     $ 738  
Weighted average shares
     outstanding used in basic
     earnings per share
    11,777       11,236  
Dilutive common share
     equivalents
    439       538  
Weighted average shares
     outstanding used in diluted
     earnings per share
    12,216       11,774  
Basic earnings per share   $ 0.05     $ 0.07  
Diluted earnings per share   $ 0.04     $ 0.06