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

6 Months Ended

Dec. 31, 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):

	December 31, 2024		June 30, 2024
Cash	$	11,399	$	18,823
Money Market Fund		72,095		41,116
U.S. Treasury Securities		2,525		—
Certificate of Deposits		—		5,402
	$	86,019	$	65,341

Schedule of investments - other

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

	December 31, 2024		June 30, 2024
Certificate of Deposits	$	—	$	26,980
	$	—	$	26,980

Schedule of certificates of deposit

Certificates of deposit are recorded at the original cost plus accrued interest. There were no certificate of deposits outstanding at December 31, 2024. The Company’s certificates of deposits as of June 30, 2024 consist of the following (in thousands):

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):

	December 31, 2024						June 30, 2024
	Carrying		Accumulated		Net book		Carrying		Accumulated		Net book
	value		amortization		value		value		amortization		value
Customer relationships	$	9,800	$	(9,492)	$	308	$	9,800	$	(9,436)	$	364
Trade name		4,048		(911)		3,137		4,048		(810)		3,238
	$	13,848	$	(10,403)	$	3,445	$	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 December 31, 2024 and 2023 (in thousands, except share and per share data):

	Net Income				Weighted Average Shares		Net Income per Share
	2024		2023		2024	2023	2024		2023
Basic EPS	$	10,467	$	12,610	36,538	36,829	$	0.29	$	0.34
Effect of Dilutive Securities:
Stock Options		—		—	238	189		(0.01)		—
Diluted EPS	$	10,467	$	12,610	36,776	37,018	$	0.28	$	0.34

The following provides a reconciliation of information used in calculating the per share amounts for the six months ended December 31, 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	$	21,652	$	23,088	36,706	36,743	$	0.59	$	0.63
Effect of Dilutive Securities:
Stock Options		—		—	277	219		—		(0.01)
Diluted EPS	$	21,652	$	23,088	36,983	36,962	$	0.59	$	0.62