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

3 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

(14)

Earnings Per Share

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share (“EPS”):

	Three months ended
	September 30,
(in thousands, except per share data)	2023		2022
Numerator (basic and diluted):
Net income available to common Shareholders	$	14,939	$	29,880

Denominator:
Basic weighted average shares common shares outstanding		25,504		25,458
Dilutive effect of stock options and other share-based awards ⁽¹⁾		114		102
Diluted weighted average shares common shares outstanding		25,618		25,560

Earnings per share:
Basic	$	0.59	$	1.17
Diluted	$	0.58	$	1.17

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

As of September 30, 2023 and 2022, total share-based awards of 20,088 and 94,379, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

As of September 30, 2023 and 2022, the number of performance units excluded from the calculation of diluted EPS were 165,176 and 181,096, 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.