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Note 13 - Earnings Per Share
 9 Months Ended
Mar. 31, 2022
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

    

Nine Months Ended

  
   

March 31,

    

March 31,

  
   

2022

    

2021

    

2022

    

2021

  

Basic - Average shares outstanding

     11,982       12,136       12,009       12,185  

Dilutive effect of unvested, restricted stock awards

     107       117       112       82  

Diluted - Average shares outstanding

     12,089       12,253       12,121       12,267  

 

 

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 March 31, 2022 or 2021.

 

Performance stock units of 142,170 and 129,427 for the nine months ended March 31, 2022 and 2021, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.