NET INCOME (LOSS) PER SHARE

3 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 6. NET INCOME (LOSS) PER SHARE

We calculate basic net income (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted income per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options and performance awards.

The following table presents reconciliations of the numerators and denominators of the basic and diluted income per share computations. For the three months ended September 30, 2023, 64,800 dilutive securities, consisting exclusively of performance awards, were excluded from the diluted loss per share because the impact would be anti-dilutive. In the tables below, income amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

	Three Months Ended September 30,
	2024		2023
Basic:
Net income (loss)	$	2,466	$	(615	)
Weighted-average shares outstanding		3,260		3,547
Basic earnings (loss) per share	$	0.76	$	(0.17	)
Diluted:
Net income (loss)	$	2,466	$	(615	)
Weighted-average shares outstanding		3,260		3,547
Effect of dilutive securities		32		—
Weighted-average shares used in calculation of diluted earnings per share		3,292		3,547
Diluted earnings (loss) per share	$	0.75	$	(0.17	)