LSI INDUSTRIES INC Earnings Per Share Disclosure
NOTE 5 — EARNINGS PER SHARE
The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding:
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(in thousands, except per share data) |
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2025 |
2024 |
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| BASIC EARNINGS PER SHARE | ||||||||
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Net Income |
$ | 24,383 | $ | 24,977 | ||||
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Weighted average shares outstanding during the period, net of treasury shares |
28,808 | 27,981 | ||||||
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Weighted average vested restricted stock units outstanding |
76 | 81 | ||||||
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Weighted average shares outstanding in the Deferred Compensation Plan during the period |
1,019 | 987 | ||||||
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Weighted average shares outstanding |
29,903 | 29,049 | ||||||
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Basic income per share |
$ | 0.82 | $ | 0.86 | ||||
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DILUTED EARNINGS PER SHARE |
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Net Income |
$ | 24,383 | $ | 24,977 | ||||
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Weighted average shares outstanding |
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Basic |
29,903 | 29,049 | ||||||
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Effect of dilutive securities (a): |
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Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any |
929 | 1,019 | ||||||
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Weighted average shares outstanding |
30,832 | 30,068 | ||||||
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Diluted income per share |
$ | 0.79 | $ | 0.83 | ||||
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Anti-dilutive securities (b) |
261 | 54 | ||||||
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(a) |
Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. |
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(b) |
Anti-dilutive securities were excluded in the computation of diluted earnings per share for the year ended June 30, 2025, and June 30, 2024, because the exercise price was greater than the fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 11, 2025 | Showing above |
| 2024 | Sep 11, 2024 | |
| 2023 | Sep 8, 2023 | |
| 2022 | Sep 9, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.