EARNINGS (LOSS) PER SHARE CALCULATION (Tables)

3 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Loss per Share

The calculation of basic and diluted earnings (loss) per share is presented below:

	Three months ended September 30,
($ in thousands, except per share data)	2023		2022
Numerator for basic and diluted loss per share
Net income (loss)	$	2,007	$	(8,574)
Preferred dividends	(289)		(334)
Net income (loss) applicable to common shareholders	1,718		(8,908)
Denominator for basic earnings (loss) per share - Weighted average shares outstanding	72,717,965		71,207,750
Effect of dilutive potential common shares	1,587,547		—
Denominator for diluted earnings (loss) per share - Adjusted weighted average shares outstanding	74,305,512		71,207,750
Basic earnings (loss) per share	$	0.02	$	(0.13)
Diluted earnings (loss) per share	$	0.02	$	(0.13)