Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of costs, estimated earnings and billings on percentage of completion contracts

Costs, estimated earnings and billings on longer-term contracts when the cost-to-cost method of revenue recognition is utilized as of June 30, 2022 and 2021 consisted of the following (in thousands):

June 30,	2022			2021
Costs incurred on uncompleted contracts	$	6,143		$	26,833
Estimated earnings		652			3,697
Less: billings to date		(7,270	)		(33,615	)
Retainage		1,487			200
Ending balance	$	1,012		$	(2,885	)

Schedule of amounts included in consolidated balance sheet

These amounts are included in the Company’s consolidated balance sheets under the following captions (in thousands):

June 30,	2022			2021
Contract assets	$	1,519		$	347
Contract liabilities		(507	)		(3,232	)
Ending balance	$	1,012		$	(2,885	)

Schedule of basic and diluted earnings per share

	For the years ended June 30,
	2022		2021
Net income	$	4,095	$	8,384
Less: distributed and undistributed income allocated to non-vested restricted common stock		423		731
Net income allocated to EVI Industries, Inc. shareholders	$	3,672	$	7,653
Weighted average shares outstanding used in basic earnings per share		12,367		12,142
Dilutive common share equivalents		283		436
Weighted average shares outstanding used in dilutive earnings per share		12,650		12,578
Basic earnings per share	$	0.30	$	0.63
Diluted earnings per share	$	0.29	$	0.61