EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of earnings per share

The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per-share amounts):

	Three-Months Ended March 31,				Nine-Months Ended March 31,
	2022		2021		2022		2021
Net income (loss) as reported	$	(287)	$	6,850	$	(1,046)	$	7,785
Weighted average common shares outstanding	19,412		16,556		18,842		16,481
Effect of dilutive stock options	—		631		—		497
Weighted average diluted common shares outstanding	19,412		17,187		18,842		16,978
Net income (loss) per common share
Basic	$	(0.01)	$	0.41	$	(0.06)	$	0.47
Diluted	$	(0.01)	$	0.40	$	(0.06)	$	0.46
Employee stock options excluded from computation of dilutive income per share amounts because their effect would be anti-dilutive	924		—		924		—