NET INCOME PER SHARE

3 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 6. 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. 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. 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,
	2021		2021
Basic:
Net income	$	1,076	$	1,064
Weighted-average shares outstanding		3,616		3,651
Basic earnings per share	$	0.30	$	0.29
Diluted:
Net income	$	1,076	$	1,064
Weighted-average shares outstanding		3,616		3,651
Effect of dilutive securities		79		126
Weighted-average shares used in calculation of diluted earnings per share		3,695		3,777
Diluted earnings per share	$	0.29	$	0.28