MasterCraft Boat Holdings, Inc. Earnings Per Share Disclosure
12. EARNINGS PER SHARE
The factors used in the earnings per share computation are as follows:
|
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|||
|
Net income (loss) |
|
$ |
56,170 |
|
|
$ |
(24,047 |
) |
|
$ |
21,354 |
|
|
Weighted average shares — basic |
|
|
18,805,464 |
|
|
|
18,734,482 |
|
|
|
18,653,892 |
|
|
Dilutive effect of assumed exercises of stock options |
|
|
14,814 |
|
|
|
— |
|
|
|
45,799 |
|
|
Dilutive effect of assumed restricted share awards/units |
|
|
131,243 |
|
|
|
— |
|
|
|
68,516 |
|
|
Weighted average outstanding shares — diluted |
|
|
18,951,521 |
|
|
|
18,734,482 |
|
|
|
18,768,207 |
|
|
Basic net income (loss) per share |
|
$ |
2.99 |
|
|
$ |
(1.28 |
) |
|
$ |
1.14 |
|
|
Diluted net income (loss) per share |
|
$ |
2.96 |
|
|
$ |
(1.28 |
) |
|
$ |
1.14 |
|
For the year ended June 30, 2021, an immaterial number of shares were excluded from the computation of diluted earning per share as the effect would have been anti-dilutive. For the year ended June 30, 2020, the dilutive effect of approximately 45,000 outstanding RSAs, PSUs and NSOs have been excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive because of the net loss for the year ended June 30, 2020. For the year ended June 30, 2019, an immaterial number of shares were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2021 | Sep 2, 2021 | Showing above |
| 2020 | Sep 11, 2020 | |
| 2019 | Sep 13, 2019 | |
| 2018 | Sep 7, 2018 | |
| 2017 | Sep 8, 2017 | |
| 2016 | Sep 9, 2016 | |
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.