| Schedule of the calculation of basic and diluted earnings per share |
The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):
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Quarter Ended |
|
Nine Months Ended |
|
|
March 31, |
|
March 31, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Earnings per share – basic: |
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings, including noncontrolling interest |
|
$ |
70,218 |
|
$ |
60,144 |
|
$ |
209,958 |
|
$ |
201,184 |
Less net earnings (loss) attributable to noncontrolling interest |
|
|
- |
|
|
(595) |
|
|
179 |
|
|
(9,343) |
Net earnings attributable to Bio-Techne |
|
$ |
70,218 |
|
$ |
60,739 |
|
$ |
209,779 |
|
$ |
210,527 |
Income allocated to participating securities |
|
|
(16) |
|
|
(25) |
|
|
(52) |
|
|
(95) |
Income available to common shareholders |
|
$ |
70,202 |
|
$ |
60,714 |
|
$ |
209,727 |
|
$ |
210,432 |
Weighted-average shares outstanding – basic |
|
|
157,311 |
|
|
157,087 |
|
|
157,071 |
|
|
156,899 |
Earnings per share – basic |
|
$ |
0.45 |
|
$ |
0.39 |
|
$ |
1.34 |
|
$ |
1.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share – diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings, including noncontrolling interest |
|
$ |
70,218 |
|
$ |
60,144 |
|
$ |
209,958 |
|
$ |
201,184 |
Less net earnings (loss) attributable to noncontrolling interest |
|
|
— |
|
|
(595) |
|
|
179 |
|
|
(9,343) |
Net earnings attributable to Bio-Techne |
|
$ |
70,218 |
|
$ |
60,739 |
|
$ |
209,779 |
|
$ |
210,527 |
Income allocated to participating securities |
|
|
(16) |
|
|
(25) |
|
|
(52) |
|
|
(95) |
Income available to common shareholders |
|
$ |
70,202 |
|
$ |
60,714 |
|
$ |
209,727 |
|
$ |
210,432 |
Weighted-average shares outstanding – basic |
|
|
157,311 |
|
|
157,087 |
|
|
157,071 |
|
|
156,899 |
Dilutive effect of stock options and restricted stock units |
|
|
4,304 |
|
|
6,787 |
|
|
4,697 |
|
|
7,393 |
Weighted-average common shares outstanding – diluted |
|
|
161,615 |
|
|
163,874 |
|
|
161,768 |
|
|
164,292 |
Earnings per share – diluted |
|
$ |
0.43 |
|
$ |
0.37 |
|
$ |
1.30 |
|
$ |
1.28 |
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