EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2026

EARNINGS PER SHARE:

The Company's basic earnings per share is calculated as net income divided by weighted average common shares outstanding, including nonforfeitable restricted stock units (RSUs) for which settlement has been deferred. Other unvested stock-based awards are excluded from basic earnings per share. The Company's diluted earnings per share is calculated as net income divided by weighted-average common shares and common share equivalents outstanding, including the dilutive effect of stock options (SOs), stock appreciation rights (SARs), RSUs, stock-settled performance units (PSUs), and warrants issued in connection with the Company's credit and consulting services agreements. Stock-based awards and warrants that are antidilutive are excluded from diluted earnings per share.

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 September 30,
			2026	2025

		(Shares in thousands)

Denominator for basic EPS - weighted average common shares			2,540	2,440
Dilutive shares associated with option plans			383	341
Denominator for diluted EPS - weighted average common shares and dilutive potential common shares			2,923	2,781
Stock-based awards excluded from EPS calculation - anti-dilutive			86	180