EARNINGS (LOSS) PER SHARE CALCULATION

12 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE CALCULATION

LOSS) PER SHARE CALCULATION

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

	Year ended June 30,
($ in thousands, except share and per share data)	2024		2023		2022
Numerator for basic and diluted earnings (loss) per share
Net income (loss)	$	11,993	$	633	$	(1,703)
Preferred dividends	(578)		(623)		(668)
Net income (loss) available to common shareholders	$	11,415	$	10	$	(2,371)
Denominator for basic earnings (loss) per share - Weighted average shares outstanding	72,819,220		71,978,901		71,091,790
Effect of dilutive potential common shares	1,352,878		535,733		—
Denominator for diluted earnings (loss) per share - Adjusted weighted average shares outstanding	74,172,098		72,514,634		71,091,790
Basic earnings (loss) per share	$	0.16	$	—	$	(0.03)
Diluted earnings (loss) per share	$	0.15	$	—	$	(0.03)

Potentially anti-dilutive shares excluded from the calculation of diluted earnings (loss) per share were approximately 0 million, 4 million, and 5 million for the year ended June 30, 2024, 2023 and 2022, respectively.