Earnings (Loss) per Common Share (Tables)

3 Months Ended

Sep. 30, 2022

Earnings (Loss) per Common Share

Schedule of computation of basic and diluted income (loss) per share

The following table sets forth the computation of basic and diluted earnings (loss) per common share, reflecting the application of the two-class method (in thousands, except per share amounts):

	Three Months Ended
	September 30,
	2022		2021
Numerator
Net income (loss)	$	10,707	$	5,218
Undistributed earnings allocated to unvested restricted stock		(111)		(103)
Net income (loss) for earnings per share calculation	$	10,596	$	5,115
Denominator
Weighted average number of common shares outstanding — Basic		33,134		32,863
Effect of dilutive securities:
Unvested restricted stock awards		184		263
Unvested contingent restricted stock units		1		—
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share		33,319		33,126
Net earnings (loss) per common share — Basic	$	0.32	$	0.16
Net earnings (loss) per common share — Diluted	$	0.32	$	0.15