Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.1.u1
Earnings Per Share
9 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Earnings Per Share

Note 9. Earnings Per Share:

The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):

    

Quarter Ended

Nine Months Ended

March 31, 

March 31, 

    

2024

    

2023

2024

    

2023

Earnings per share – basic:

Net earnings, including noncontrolling interest

$

49,059

 

$

70,218

$

127,517

 

$

209,958

Less net earnings (loss) attributable to noncontrolling interest

 

 

179

Net earnings attributable to Bio-Techne

$

49,059

$

70,218

$

127,517

$

209,779

Income allocated to participating securities

 

(5)

 

(16)

 

(24)

 

(52)

Income available to common shareholders

$

49,054

$

70,202

$

127,493

$

209,727

Weighted-average shares outstanding – basic

 

157,309

 

157,311

 

157,655

 

157,071

Earnings per share – basic

$

0.31

$

0.45

$

0.81

$

1.34

Earnings per share – diluted:

 

  

 

  

 

  

 

  

Net earnings, including noncontrolling interest

$

49,059

$

70,218

$

127,517

$

209,958

Less net earnings (loss) attributable to noncontrolling interest

179

Net earnings attributable to Bio-Techne

$

49,059

$

70,218

$

127,517

$

209,779

Income allocated to participating securities

 

(5)

 

(16)

 

(24)

 

(52)

Income available to common shareholders

$

49,054

$

70,202

$

127,493

$

209,727

Weighted-average shares outstanding – basic

 

157,309

 

157,311

 

157,655

 

157,071

Dilutive effect of stock options and restricted stock units

 

3,187

 

4,304

 

3,162

 

4,697

Weighted-average common shares outstanding – diluted

 

160,496

 

161,615

 

160,817

 

161,768

Earnings per share – diluted

$

0.31

$

0.43

$

0.79

$

1.30

The dilutive effect of stock options and restricted stock units in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was 4.0 million and 4.5 million for the quarter ended March 31, 2024 and 2023, respectively and 4.0 million and 4.5 million for the nine months ended March 31, 2024 and 2023 respectively.