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Note 13 - Earnings Per Share
 6 Months Ended
Dec. 31, 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

    

Six Months Ended

  
   

December 31,

    

December 31,

  
   

2021

    

2020

    

2021

    

2020

  

Basic - Average shares outstanding

     12,033       12,195       12,028       12,213  

Dilutive effect of unvested, restricted stock awards

     105       75       116       64  

Diluted - Average shares outstanding

     12,138       12,270       12,144       12,277  

 

 

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 December 31, 2021. There were 10,658 outstanding instruments that had an anti-dilutive effect at  December 31, 2020.

 

Performance stock units of 143,233 and 130,461 for the six months ended December 31, 2021 and 2020, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.