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Note 13 - Earnings Per Share
 3 Months Ended
Sep. 30, 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 September 30,

 
  

2025

  

2024

 

Basic - Average shares outstanding

  12,013   11,787 

Dilutive effect of unvested, restricted stock awards

  34   117 

Diluted - Average shares outstanding

  12,047   11,904 

 

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, 2025 or 2024.

 

Performance stock units of 63,762 and 81,704 for the three months ended  September 30, 2025 and 2024, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.