XML 26 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Earnings Per Share
9 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding.

Quarter endedNine months ended
 March 31,March 31,
 2021202020212020
 (in thousands, except per share data)
Numerator:
Net income from continuing operations$13,786 $5,715 $24,732 $29,633 
Net loss from discontinued operations(688)(4,002)(37,647)(5,025)
Net (loss) income$13,098 $1,713 $(12,915)$24,608 
Denominator:
Weighted-average shares, basic25,455 25,346 25,404 25,386 
Dilutive effect of share-based payments117 17 80 58 
Weighted-average shares, diluted25,572 25,363 25,484 25,444 
Net income from continuing operations per common share, basic$0.54 $0.23 $0.97 $1.17 
Net loss from discontinued operations per common share, basic(0.03)(0.16)(1.48)(0.20)
Net (loss) income per common share, basic$0.51 $0.07 $(0.51)$0.97 
Net income from continuing operations per common share, diluted$0.54 $0.23 $0.97 $1.16 
Net loss from discontinued operations per common share, diluted(0.03)(0.16)(1.48)(0.20)
Net (loss) income per common share, diluted$0.51 $0.07 $(0.51)$0.97 

For the quarter and nine months ended March 31, 2021, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 1,532,961 and 1,285,153, respectively. For the quarter and nine months ended March 31, 2020, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 1,036,740 and 980,803, respectively.