Earnings Per Share

Earnings per share are computed using the two-class common stock method due to the dividend preference of Class B Common Stock which was in effect until the October 30, 2014 stock unification as further described in Note 10 - Common Stock. Basic earnings per share are based on the weighted average number of shares outstanding during the period. Diluted earnings per share are based on the weighted average number of shares outstanding plus the assumed issuance of common shares and related payment of assumed dividends for all potentially dilutive securities. Earnings per share of Class A and Class B Common Stock are as follows:



EARNINGS PER SHARE FROM CONTINUING OPERATIONS
	Year Ended June 30, 2015									Year Ended June 30, 2014									Year Ended June 30, 2013
(Amounts in Thousands, Except for Per Share Data)	Class A			Class B			Total			Class A			Class B			Total			Class A			Class B			Total
Basic Earnings (Loss) Per Share from Continuing Operations:
Dividends Declared	$	536		$	7,169		$	7,705		$	1,437		$	6,090		$	7,527		$	1,495		$	5,955		$	7,450
Undistributed Earnings (Loss)	287			3,151			3,438			(859		)	(3,249		)	(4,108		)	(3,172		)	(10,894		)	(14,066		)
Income (Loss) from Continuing Operations	$	823		$	10,320		$	11,143		$	578		$	2,841		$	3,419		$	(1,677	)	$	(4,939	)	$	(6,616	)
Average Basic Shares Outstanding	3,231			35,414			38,645			8,026			30,378			38,404			8,584			29,479			38,063
Basic Earnings (Loss) Per Share from Continuing Operations	$	0.25		$	0.29					$	0.07		$	0.09					$	(0.20	)	$	(0.17	)
Diluted Earnings (Loss) Per Share from Continuing Operations:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	536		$	7,234		$	7,770		$	1,550		$	6,091		$	7,641		$	1,495		$	5,955		$	7,450
Undistributed Earnings (Loss)	280			3,093			3,373			(936		)	(3,286		)	(4,222		)	(3,172		)	(10,894		)	(14,066		)
Income (Loss) from Continuing Operations	$	816		$	10,327		$	11,143		$	614		$	2,805		$	3,419		$	(1,677	)	$	(4,939	)	$	(6,616	)
Average Diluted Shares Outstanding	3,231			35,740			38,971			8,652			30,385			39,037			8,584			29,479			38,063
Diluted Earnings (Loss) Per Share from Continuing Operations	$	0.25		$	0.29					$	0.07		$	0.09					$	(0.20	)	$	(0.17	)
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations:
Income (Loss) from Continuing Operations Used for Basic EPS Calculation	$	823		$	10,320		$	11,143		$	578		$	2,841		$	3,419		$	(1,677	)	$	(4,939	)	$	(6,616	)
Assumed Dividends Payable on Dilutive Shares	—			65			65			113			1			114			—			—			—
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares	(7		)	(58		)	(65		)	(77		)	(37		)	(114		)	—			—			—
Income (Loss) from Continuing Operations Used for Diluted EPS Calculation	$	816		$	10,327		$	11,143		$	614		$	2,805		$	3,419		$	(1,677	)	$	(4,939	)	$	(6,616	)
Average Shares Outstanding for Basic EPS Calculation	3,231			35,414			38,645			8,026			30,378			38,404			8,584			29,479			38,063
Dilutive Effect of Average Outstanding Stock Awards	—			326			326			626			7			633			—			—			—
Average Shares Outstanding for Diluted EPS Calculation	3,231			35,740			38,971			8,652			30,385			39,037			8,584			29,479			38,063



EARNINGS PER SHARE FROM DISCONTINUED OPERATIONS
	Year Ended June 30, 2015				Year Ended June 30, 2014				Year Ended June 30, 2013
	Class A		Class B		Class A		Class B		Class A		Class B
Basic Earnings Per Share	$	0.24	$	0.24	$	0.78	$	0.79	$	0.70	$	0.70
Diluted Earnings Per Share	$	0.24	$	0.23	$	0.77	$	0.77	$	0.70	$	0.70



EARNINGS PER SHARE (INCLUDING DISCONTINUED OPERATIONS)
	Year Ended June 30, 2015						Year Ended June 30, 2014						Year Ended June 30, 2013
(Amounts in Thousands, Except for Per Share Data)	Class A		Class B		Total		Class A		Class B		Total		Class A		Class B		Total
Basic Earnings Per Share:
Dividends Declared	$	536	$	7,169	$	7,705	$	1,437	$	6,090	$	7,527	$	1,495	$	5,955	$	7,450
Undistributed Earnings	1,053		11,542		12,595		5,420		20,514		25,934		2,803		9,626		12,429
Net Income	$	1,589	$	18,711	$	20,300	$	6,857	$	26,604	$	33,461	$	4,298	$	15,581	$	19,879
Average Basic Shares Outstanding	3,231		35,414		38,645		8,026		30,378		38,404		8,584		29,479		38,063
Basic Earnings Per Share	$	0.49	$	0.53			$	0.85	$	0.88			$	0.50	$	0.53
Diluted Earnings Per Share:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	536	$	7,234	$	7,770	$	1,550	$	6,091	$	7,641	$	1,495	$	5,955	$	7,450
Undistributed Earnings	1,039		11,491		12,530		5,723		20,097		25,820		2,803		9,626		12,429
Net Income	$	1,575	$	18,725	$	20,300	$	7,273	$	26,188	$	33,461	$	4,298	$	15,581	$	19,879
Average Diluted Shares Outstanding	3,231		35,740		38,971		8,652		30,385		39,037		8,584		29,479		38,063
Diluted Earnings Per Share	$	0.49	$	0.52			$	0.84	$	0.86			$	0.50	$	0.53

In fiscal year 2013, all of the 190,000 outstanding compensation awards were antidilutive and were excluded from the dilutive calculation.