| 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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Year Ended June 30, |
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2024 |
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2023 |
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2022 |
Earnings per share – basic: |
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Net earnings, including noncontrolling interest |
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$ |
168,105 |
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$ |
285,442 |
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$ |
263,099 |
Less net earnings (loss) attributable to noncontrolling interest |
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— |
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179 |
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(8,952) |
Net earnings attributable to Bio-Techne |
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$ |
168,105 |
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$ |
285,263 |
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$ |
272,051 |
Income allocated to participating securities |
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(33) |
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(70) |
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(121) |
Income available to common shareholders |
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$ |
168,072 |
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$ |
285,193 |
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$ |
271,930 |
Weighted-average shares outstanding – basic |
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157,708 |
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157,179 |
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156,874 |
Earnings per share – basic |
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$ |
1.07 |
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$ |
1.81 |
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$ |
1.73 |
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Earnings per share – diluted: |
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Net earnings, including noncontrolling interest |
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$ |
168,105 |
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$ |
285,442 |
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$ |
263,099 |
Less net earnings (loss) attributable to noncontrolling interest |
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- |
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179 |
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(8,952) |
Net earnings attributable to Bio-Techne |
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168,105 |
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|
285,263 |
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|
272,051 |
Income allocated to participating securities |
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(33) |
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(70) |
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|
(121) |
Income available to common shareholders |
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$ |
168,072 |
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$ |
285,193 |
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$ |
271,930 |
Weighted-average shares outstanding – basic |
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|
157,708 |
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|
157,179 |
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|
156,874 |
Dilutive effect of stock options and restricted stock units |
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3,066 |
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4,676 |
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7,240 |
Weighted-average common shares outstanding – diluted |
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160,774 |
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|
161,855 |
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|
164,114 |
Earnings per share – diluted |
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$ |
1.05 |
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$ |
1.76 |
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$ |
1.66 |
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