Note 14 - Earnings Per Share

6 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

(14) Earnings Per Share

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share (“EPS”):

	Three months ended				Six months ended
	December 31,				December 31,
(in thousands, except per share data)	2024		2023		2024		2023
Numerator (basic and diluted):
Net income available to common Shareholders	$	15,004	$	17,411	$	29,723	$	32,350
Denominator:
Basic weighted average shares common shares outstanding		25,556		25,525		25,551		25,515
Dilutive effect of stock options and other share-based awards (1)		69		105		71		109
Diluted weighted average shares common shares outstanding		25,625		25,630		25,622		25,624
Earnings per share:
Basic	$	0.59	$	0.68	$	1.16	$	1.27
Diluted	$	0.59	$	0.68	$	1.16	$	1.26

(1) Dilutive potential common shares consist of stock options, restricted stock units and performance units.

At December 31, 2024 and 2023, total share-based awards of 43,232 and 30,063, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

At December 31, 2024 and 2023, the number of performance units excluded from the calculation of diluted EPS were 213,717 and 165,176, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of the current period, conditions would be satisfied as if it were the end of the contingency period.