EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2025

The Company's basic earnings per share is calculated as net income (loss) divided by weighted average common shares outstanding, excluding unvested outstanding stock options (SOs), outstanding 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 (loss) 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 stock-based awards as detailed below, 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):


	Fiscal Years
	2025	2024	2023

	(Shares in thousands)

Denominator for basic EPS - weighted average common shares	2,364	2,339	2,323
Dilutive shares associated with option plans	316	36	—
Denominator for diluted EPS - weighted average common shares and dilutive potential common shares	2,680	2,375	2,323
Stock-based awards excluded from EPS calculation - anti-dilutive	189	217	198