Nature of Business and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2024

Nature of Business and Summary of Significant Accounting Policies

Schedule of cash and cash equivalents

Cash and cash equivalents consist of the following as of (in thousands):

	September 30, 2024		June 30, 2024
Cash	$	12,541	$	18,823
Money Market Fund		73,055		41,116
Certificate of Deposits		—		5,402
	$	85,596	$	65,341

Schedule of investments - other

Investments-other consists of the following as of (in thousands):

	September 30, 2024		June 30, 2024
Certificate of Deposits	$	10,926	$	26,980
	$	10,926	$	26,980

Schedule of certificates of deposit

The Company’s Certificates of deposits consist of the following as of (in thousands):

September 30, 2024
Balance Sheet Classification	Interest Rate		Maturity Date		Cost		Carrying Value
Cash and Cash Equivalents		n/a		n/a		n/a		n/a
Investments - other		4.60% - 4.75%		10/24/2024		10,747		10,926

June 30, 2024
Balance Sheet Classification	Interest Rate		Maturity Date		Cost		Carrying Value
Cash and Cash Equivalents		4.70%		8/22/2024	$	5,374	$	5,402
Investments - other		4.55% - 4.75%		7/25/2024 - 10/24/2024		26,709		26,980

Schedule of intangible assets

Intangible assets consisted of the follows (in thousands):

	September 30, 2024						June 30, 2024
	Carrying		Accumulated		Net book		Carrying		Accumulated		Net book
	value		amortization		value		value		amortization		value
Customer relationships	$	9,800	$	(9,465)	$	335	$	9,800	$	(9,436)	$	364
Trade name		4,048		(860)		3,188		4,048		(810)		3,238
	$	13,848	$	(10,325)	$	3,523	$	13,848	$	(10,246)	$	3,602

Schedule of reconciliation of earnings per share

The following provides a reconciliation of information used in calculating the per share amounts for the three months ended September 30, 2024 and 2023 (in thousands, except share and per share data):

							Net Income per
	Net Income				Weighted Average Shares		Share
	2024		2023		2024	2023	2024		2023
Basic EPS	$	11,185	$	10,478	36,865	36,827	$	0.30	$	0.28
Effect of Dilutive Securities:
Stock Options		—		—	315	249		—		—
Diluted EPS	$	11,185	$	10,478	37,180	37,076	$	0.30	$	0.28