Ethan Allen Interiors Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

(14)

Earnings Per Share

Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands):

	Three months ended				Six months ended
	December 31,				December 31,
	2022		2021		2022		2021
Weighted average shares outstanding for basic calculation		25,473		25,396		25,466		25,386
Dilutive effect of stock options and other share-based awards		109		117		105		96
Weighted average shares outstanding adjusted for dilution calculation		25,582		25,513		25,571		25,482

Dilutive potential common shares consist of stock options, restricted stock units and performance units.

As of December 31, 2022 and 2021, total share-based awards of 68,517 and 115,710, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

As of December 31, 2022 and 2021, the number of performance units excluded from the calculation of diluted EPS were 181,096 and 220,082, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of the current period, conditions would be satisfied as if it were the end of the contingency period.