Earnings Per Share

6 Months Ended

Dec. 31, 2022

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 for all potentially dilutive securities.


	Three Months Ended				Six Months Ended
	December 31				December 31
(Amounts in Thousands, Except for Per Share Data)	2022		2021		2022		2021
Net Income (Loss)	$	(36,063)	$	(21,314)	$	(29,507)	$	(26,363)

Average Shares Outstanding for Basic EPS Calculation	36,539		36,749		36,647		36,785
Dilutive Effect of Average Outstanding Compensation Awards	—		—		—		—
Average Shares Outstanding for Diluted EPS Calculation	36,539		36,749		36,647		36,785

Basic Earnings (Loss) Per Share	$	(0.99)	$	(0.58)	$	(0.81)	$	(0.72)
Diluted Earnings (Loss) Per Share	$	(0.99)	$	(0.58)	$	(0.81)	$	(0.72)

All stock compensation awards were antidilutive as a result of the net losses for the second quarters and year-to-date periods ended December 31, 2022 and December 31, 2021. For the year-to-date period ended December 31, 2022, 831,000 average restricted stock units, 131,000 average relative total shareholder return awards, and 103,000 average performance unit awards were excluded from the dilutive calculation. For the year-to-date period ended December 31, 2021, 741,000 average restricted stock units and 173,000 average relative total shareholder return awards were excluded from the dilutive calculation.