Earnings Per Share	6 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	9. EARNINGS PER SHARE Basic earnings per share (EPS) of common stock are based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share of common stock include the dilutive effect of potential common shares outstanding. The Company’s potential common shares outstanding are stock options, shares associated with the Long-Term Incentive Compensation Plan, and non-vested restricted stock units and restricted shares. The Company calculates the dilutive effect of outstanding options, restricted stock units, and restricted shares using the treasury stock method. Anti-dilutive options are not included in the computation of diluted EPS when their exercise price is greater than the average closing market price of the common shares. In computing EPS for the three and six months ended December 31, 2021, there are no dilutive shares as the company reported a net loss. Three Months Ended Six Months Ended December 31, December 31,(in thousands) 2021 2020 2021 2020Basic shares 6,682 7,246 6,758 7,475Potential common shares: Stock options — 147 — 110Non-vested restricted stock units and restricted shares — 102 — 96 — 249 — 206Diluted shares 6,682 7,495 6,758 7,681 Anti-dilutive shares — 63 — 91 Cash dividends declared per common share were $0.15 and $0.30 for the three and six months ended December 31, 2021, respectively, and were $0.10 and $0.15 for the three and six months ended December 31, 2020, respectively.

Earnings Per Share

6 Months Ended

Dec. 31, 2021

9. EARNINGS PER SHARE Basic earnings per share (EPS) of common stock are based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share of common stock include the dilutive effect of potential common shares outstanding. The Company’s potential common shares outstanding are stock options, shares associated with the Long-Term Incentive Compensation Plan, and non-vested restricted stock units and restricted shares. The Company calculates the dilutive effect of outstanding options, restricted stock units, and restricted shares using the treasury stock method. Anti-dilutive options are not included in the computation of diluted EPS when their exercise price is greater than the average closing market price of the common shares. In computing EPS for the three and six months ended December 31, 2021, there are no dilutive shares as the company reported a net loss. Three Months Ended Six Months Ended December 31, December 31,(in thousands) 2021 2020 2021 2020Basic shares 6,682 7,246 6,758 7,475Potential common shares: Stock options — 147 — 110Non-vested restricted stock units and restricted shares — 102 — 96 — 249 — 206Diluted shares 6,682 7,495 6,758 7,681 Anti-dilutive shares — 63 — 91 Cash dividends declared per common share were $0.15 and $0.30 for the three and six months ended December 31, 2021, respectively, and were $0.10 and $0.15 for the three and six months ended December 31, 2020, respectively.