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Note 13 - Earnings Per Share
3 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

13)     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

 
  

September 30,

 
  

2021

  

2020

 

Basic - Average shares outstanding

  12,023   12,228 

Dilutive effect of unvested, restricted stock awards

  126   53 

Diluted - Average shares outstanding

  12,149   12,281 

 

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. There were no outstanding instruments that had an anti-dilutive effect at September 30, 2021. There were 11,352 outstanding instruments that had an anti-dilutive effect at  September 30, 2020.

 

Performance stock units of 131,888 and 130,461 for the three months ended September 30, 2021 and 2020, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.