Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.1
Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the nine and three months ended March 31, 2020 and 2019 are computed as follows (in thousands, except per share data):

 

    For the nine months ended
March 31,
  For the three months ended
March 31,
    2020
(Unaudited)
  2019
(Unaudited)
  2020
(Unaudited)
  2019
(Unaudited)
                 
Net income (loss)   $ 831     $ 2,527     $ (12 )   $ 466  
Less: distributed and undistributed income (loss)
       allocated to unvested restricted common stock
    68       181             33  
Net income (loss) allocated to EVI Industries, Inc. shareholders   $ 763     $ 2,346     $ (12 )   $ 433  
Weighted average shares outstanding used in basic
       earnings per share
    11,815       11,463       11,872       11,666  
Dilutive common share equivalents     373       497             479  
Weighted average shares outstanding used in diluted earnings per share     12,188       11,960       11,872       12,145  
Basic earnings per share   $ 0.06     $ 0.20     $ (0.00 )   $ 0.04  
Diluted earnings per share (1)   $ 0.06     $ 0.20     $ (0.00 )   $ 0.04  
(1) For the three-month period ended March 31, 2020 potential common shares under the treasury stock method were anti-dilutive because the Company reported a net loss in the period.