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Note 15 - Earnings Per Share
 9 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

15)     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,

 
  

2021

  

2020

  

2021

  

2020

 

Basic - Average shares outstanding

  12,136   12,337   12,185   12,348 

Dilutive effect of unvested, restricted stock awards

  117   60   82   65 

Diluted - Average shares outstanding

  12,253   12,397   12,267   12,413 

 

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, 2021, and March 31, 2020, respectively.

 

Performance stock units of 129,427 and 79,390 for the nine months ended March 31, 2021 and 2020, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.