Earnings Per Share

9 Months Ended

Mar. 31, 2025

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 plans, and non-vested restricted stock units. The Company calculates the dilutive effect of outstanding options and restricted stock units 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. All options and potential shares outstanding are excluded when there is a net loss as the effect would be anti-dilutive.


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
(in thousands)	2025		2024		2025		2024
Basic shares		5,271		5,154		5,240		5,175
Potential common shares:
Stock options		—		151		103		103
Non-vested restricted stock units and restricted shares		—		143		229		132
Diluted shares		5,271		5,448		5,572		5,410

Anti-dilutive shares		331		12		2		48

Cash dividends declared per common share were $0.17 and $0.51 for the three and nine months ended March 31, 2025, respectively, and were $0.15 and $0.45 for the three and nine months ended March 31, 2024, respectively.