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Note 13 - Earnings Per Share
 9 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

13)     Earnings Per Share

 

The Company uses shares acquired through treasury stock repurchases for the issuance of shares of common stock for the settlement of awards under its stock-based compensation plans, with the net effect of these transactions accounting for the change in common stock outstanding.

 

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,

 
  

2025

  

2024

  

2025

  

2024

 

Basic - Average shares outstanding

  11,986   11,772   11,906   11,764 

Dilutive effect of unvested, restricted stock awards

  73   77   91   112 

Diluted - Average shares outstanding

  12,059   11,849   11,997   11,876 

 

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, 2025 or 2024.

 

Performance stock units of 81,704 and 87,956 for the nine months ended  March 31, 2025 and 2024, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.