NET INCOME PER SHARE

12 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

NET INCOME PER SHARE

11.       NET INCOME PER SHARE

We calculate basic earnings per share by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the effects of potentially dilutive securities. The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2020 and 2019, is as follows (in thousands, except per share data):

	Years Ended June 30,
	2020		2019
Basic:
Net income	$	6,112	$	4,148
Weighted-average shares outstanding		3,911		4,192
Basic earnings per share	$	1.56	$	0.99
Diluted:
Net income	$	6,112	$	4,148
Weighted-average shares outstanding		3,911		4,192
Effect of dilutive securities – stock options & performance awards		167		106
Weighted-average shares used in calculation of diluted earnings per share		4,078		4,298
Diluted earnings per share	$	1.50	$	0.97