Note 5 - Earnings Per Common Share

6 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 5 - EARNINGS PER COMMON SHARE

The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding:

	Three Months Ended				Six Months Ended
	December 31				December 31
	2024		2023		2024		2023
BASIC EARNINGS PER SHARE
Net income	$	5,647	$	5,906	$	12,329	$	13,934
Weighted average shares outstanding during the period, net of treasury shares		28,848		27,979		28,681		27,858
Weighted average vested restricted stock units outstanding		72		76		81		78
Weighted average shares outstanding in the Deferred Compensation Plan during the period		1,010		969		999		954
Weighted average shares outstanding		29,930		29,024		29,761		28,890
Basic earnings per common share	$	0.19	$	0.20	$	0.41	$	0.48
DILUTED EARNINGS PER SHARE
Net income	$	5,647	$	5,906	$	12,329	$	13,934
Weighted average shares outstanding:
Basic		29,930		29,024		29,761		28,890
Effect of dilutive securities (a):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any		946		1,019		948		1,059
Weighted average shares outstanding		30,876		30,043		30,709		29,949
Diluted earnings per common share	$	0.18	$	0.20	$	0.40	$	0.47
Anti-dilutive securities (b)		265		-		265		-

(a) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.

(b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and six months ended December 31, 2024, and December 31, 2023, because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.