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Note 14 - Earnings Per Share
6 Months Ended
Dec. 31, 2022
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

  

Six Months Ended

 
  

December 31,

  

December 31,

 
  

2022

  

2021

  

2022

  

2021

 

Basic - Average shares outstanding

  11,852   12,033   11,833   12,028 

Dilutive effect of unvested, restricted stock awards

  65   105   97   116 

Diluted - Average shares outstanding

  11,917   12,138   11,930   12,144 

 

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, 2022 or 2021.

 

Performance stock units of 132,217 and 143,233 for the six months ended December 31, 2022 and 2021, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.