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Note 14 - Earnings Per Share
 9 Months Ended
Mar. 31, 2020
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

    

Nine Months Ended

  
   

March 31,

    

March 31,

  
   

2020

    

2019

    

2020

    

2019

  
Basic - Average shares outstanding     12,337       12,530       12,348       12,626  
Dilutive effect of unvested, restricted stock awards     60       44       65       61  

Diluted - Average shares outstanding

     12,397       12,574       12,413       12,687  

 

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 nine months ended March 31, 2020 and 2019, respectively.

 

Performance stock units of 79,390 and 68,933 for the nine months ended March 31, 2020 and 2019, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.