Earnings (Loss) per Common Share (Tables)

6 Months Ended

Dec. 31, 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				Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Numerator
Net income (loss)	$	10,387	$	6,833	$	21,094	$	12,051
Undistributed earnings allocated to unvested restricted stock		(162)		(143)		(274)		(245)
Net income (loss) for earnings per share calculation	$	10,225	$	6,690	$	20,820	$	11,806
Denominator
Weighted average number of common shares outstanding — Basic		33,174		32,929		33,154		32,896
Effect of dilutive securities:
Unvested restricted stock awards		206		333		195		297
Unvested contingent restricted stock units		14		—		7		—
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share		33,394		33,262		33,356		33,193
Net income (loss) per common share — Basic	$	0.31	$	0.20	$	0.63	$	0.36
Net income (loss) per common share — Diluted	$	0.31	$	0.20	$	0.62	$	0.36