Note 5 - Earnings Per Common Share

6 Months Ended

Dec. 31, 2025

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
	2025		2024		2025		2024
BASIC EARNINGS PER SHARE
Net income	$	6,348	$	5,647	$	13,612	$	12,329
Weighted average shares outstanding during the period, net of treasury shares		30,019		28,848		29,682		28,681
Weighted average vested restricted stock units outstanding		61		72		52		81
Weighted average shares outstanding in the Deferred Compensation Plan during the period		1,077		1,010		1,069		999
Weighted average shares outstanding		31,157		29,930		30,803		29,761
Basic earnings per common share	$	0.20	$	0.19	$	0.44	$	0.41
DILUTED EARNINGS PER SHARE
Net income	$	6,348	$	5,647	$	13,612	$	12,329
Weighted average shares outstanding:
Basic		31,157		29,930		30,803		29,761
Effect of dilutive securities (a):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any		847		946		882		948
Weighted average shares outstanding		32,004		30,876		31,685		30,709
Diluted earnings per common share	$	0.20	$	0.18	$	0.43	$	0.40
Anti-dilutive securities (b)		4		265		2		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, 2025, and December 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.