Note 13 - Earnings Per Share

12 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 13. EARNINGS PER SHARE

The following table sets forth the computation for basic and diluted earnings per share (EPS):

	Year Ended June 30,
	2026		2025
(dollars in thousands, except per share data)
Net Income (Loss)	$	3,055	$	(334	)
Weighted average number of outstanding shares
Basic		12,674,691		13,343,506
Effect of dilutive securities
Stock options		11,754		1,121
Diluted		12,686,445		13,344,627
Earnings (Loss) Per Share
Basic Net Income (Loss) per Share	$	0.24	$	(0.03	)
Diluted Net Income (Loss) per Share	$	0.24	$	(0.03	)

The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. Employee stock options excluded from the calculation of diluted EPS totaled 229,000 for the year ended June 30, 2026, and 329,100 for the year ended June 30, 2025.

During fiscal years 2026 and 2025, the Company repurchased class A shares on the open market. Repurchased shares are classified as treasury shares and are deducted from outstanding shares in the earnings (loss) per share calculation.