NET INCOME PER COMMON SHARE (“EPS”)

9 Months Ended

Mar. 31, 2023

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,
	2023		2022		2023		2022
	(In Thousands, Except Per Share Data)
Net income	$	10,312	$	17,693	$	28,798	$	56,177

Weighted average number of common shares outstanding - basic	64,769		69,790		65,181		72,130
Effect of dilutive securities	14		27		10		24
Weighted average number of common shares outstanding - diluted	64,783		69,817		65,191		72,154

Basic earnings per share	$	0.16	$	0.25	$	0.44	$	0.78
Diluted earnings per share	$	0.16	$	0.25	$	0.44	$	0.78

Stock options for 2,993,530 and 3,115,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively, and stock options for 2,986,628 and 3,115,000 shares of common stock were not considered in computing diluted earnings per share for the nine months ended March 31, 2023 and 2022, respectively, because they were considered anti-dilutive. In addition, 427,347 RSUs were not considered in computing diluted earnings per share for the three months and nine months ended March 31, 2023, respectively, and 251,905 RSUs were not considered in computing diluted earnings per share for the three months and nine months ended March 31, 2022 because they were considered anti-dilutive.