Note 6 - Earnings Per Common Share

9 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 6 - 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				Nine Months Ended
	March 31				March 31
	2025		2024		2025		2024
BASIC EARNINGS PER SHARE
Net income	$	3,883	$	5,375	$	16,212	$	19,309
Weighted average shares outstanding during the period, net of treasury shares		28,904		28,084		28,754		27,933
Weighted average vested restricted stock units outstanding		71		75		78		78
Weighted average shares outstanding in the Deferred Compensation Plan during the period		1,028		1,004		1,009		970
Weighted average shares outstanding		30,003		29,163		29,841		28,981
Basic earnings per common share	$	0.13	$	0.18	$	0.54	$	0.67
DILUTED EARNINGS PER SHARE
Net income	$	3,883	$	5,375	$	16,212	$	19,309
Weighted average shares outstanding:
Basic		30,003		29,163		29,841		28,981
Effect of dilutive securities (a):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any		963		959		949		1,024
Weighted average shares outstanding		30,966		30,122		30,790		30,005
Diluted earnings per common share	$	0.13	$	0.18	$	0.53	$	0.64
Anti-dilutive securities (b)		35		3		265		10

(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 nine months ended March 31, 2025, and March 31, 2024, 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.