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Note 14 - Earnings Per Share

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

14) Earnings Per Share

The following table sets forth a reconciliation of the number of shares (in thousands) used in the computation of basic and diluted earnings per share:

		*Three Months Ended*								*Six Months Ended*
		*December 31,*								*December 31,*
		*2019*				*2018*				*2019*				*2018*
Basic - Average shares outstanding			12,376				12,636				12,359				12,667
Dilutive effect of unvested, restricted stock awards			79				49				68				70
Diluted - Average shares outstanding			12,455				12,685				12,427				12,737

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. No options to purchase common stock were excluded as anti-dilutive from the calculation of diluted earnings per share for the three and six months ended December 31, 2019 and 2018, respectively.

Performance stock units of 86,806 and 75,191 for the six months ended December 31, 2019 and 2018, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.