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Net Income Per Common Share ("EPS")
 9 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share (EPS)

14. NET INCOME PER COMMON SHARE (“EPS”)

The following schedule shows the Company’s earnings per share calculations for the periods presented:

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

(In Thousands, Except Per Share Data)

 

Net income

$

17,693

 

 

$

16,423

 

 

$

56,177

 

 

$

44,750

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares
  outstanding - basic

 

69,790

 

 

 

80,673

 

 

 

72,130

 

 

 

83,958

 

Effect of dilutive securities

 

27

 

 

 

17

 

 

 

24

 

 

 

3

 

Weighted average number of common shares
  outstanding - diluted

 

69,817

 

 

 

80,690

 

 

 

72,154

 

 

 

83,961

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

0.25

 

 

$

0.20

 

 

$

0.78

 

 

$

0.53

 

Diluted earnings per share

$

0.25

 

 

$

0.20

 

 

$

0.78

 

 

$

0.53

 

 

Stock options for 3,115,000 and 3,253,040 shares of common stock were not considered in computing diluted earnings per share at March 31, 2022 and March 31, 2021, respectively, because the stock options were considered anti-dilutive. In addition, 251,905 RSUs were not considered in computing diluted earnings per share at March 31, 2022 because the RSUs were considered anti-dilutive.