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EARNINGS PER SHARE
 6 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE:
The Company's basic earnings per share is calculated as net income divided by weighted average common shares outstanding, excluding unvested outstanding stock options (SOs), stock appreciation rights (SARs), restricted stock units (RSUs) and stock-settled performance units (PSUs). The Company's diluted earnings per share is calculated as net income divided by weighted average common shares and common share equivalents outstanding, which includes shares issued under the Company's stock-based compensation plans and warrants issued in connection with the Company's credit agreement. Stock-based awards with exercise prices greater than the average market price of the Company's common stock are excluded from the computation of diluted earnings per share. The computation of weighted average shares outstanding, assuming dilution, excluded 193,186 and 219,945, and 191,964 and 215,656 of stock-based awards during the three and six months ended December 31, 2024, and 2023, respectively, as they were not dilutive under the treasury stock method.
The following table sets forth the presentation of shares outstanding used in the calculation of basic and diluted earnings per share (EPS):
Three Months Ended December 31,Six Months Ended December 31,
2024202320242023
(Shares in thousands)
Denominator for basic EPS - weighted average common shares2,324 2,341 2,346 2,336 
Dilutive shares associated with option plans501 — — 31 
Denominator for diluted EPS - weighted average common shares and dilutive potential common shares2,825 2,341 2,346 2,367 
Options excluded from EPS calculation - anti-dilutive193 220 192 216