NET INCOME PER SHARE

9 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 7. NET INCOME PER SHARE

We calculate basic net income per share by dividing net income by the weighted-average number of common shares outstanding during the reporting period. The weighted-average number of common shares outstanding used in the calculation of diluted income per share reflects the effects of potentially dilutive securities, in income generating periods, which consist entirely of outstanding stock options, restricted shares, and performance awards.

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings per share computations for net income. In the tables below, income amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

	Three Months Ended March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024
Basic:
Net income	$	3,275	$	655	$	7,781	$	540
Weighted average shares outstanding		3,261		3,451		3,297		3,531
Basic income per share	$	1.00	$	0.19	$	2.36	$	0.15
Diluted:
Net income	$	3,275	$	655	$	7,781	$	540
Weighted average shares outstanding		3,261		3,451		3,297		3,531
Effect of dilutive securities		76		73		69		73
Weighted average shares used in calculation of diluted earnings per share		3,337		3,524		3,366		3,604
Diluted income per share	$	0.98	$	0.19	$	2.31	$	0.15