Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
Basic and diluted earnings per share for fiscal 2017 and the fiscal year ended June 30, 2016 (“fiscal 2016”) are computed as follows (in thousands except per share data):

 

    For the years ended
June 30,
    2017   2016
         
Net income   $ 3,167     $ 1,740  
Less: distributed and
     undistributed income
     allocated to non-vested
     restricted common stock
    248        
Net income allocated to
     EnviroStar, Inc.
     shareholders
  $ 2,919     $ 1,740  
Weighted average shares
     outstanding  used in basic
     earnings per share
    9,449       7,034  
                 
Dilutive common share
     equivalents
    88        
Weighted average shares
     outstanding used in dilutive
     earnings per share
    9,537       7,034  
Basic earnings per share   $ 0.31     $ 0.25  
Diluted earnings per share   $ 0.31     $ 0.25