Earnings per Share

12 Months Ended

Jun. 30, 2023

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.


	Fiscal year ended June 30,
	2023		2022		2021
	(in thousands, except per share data)
Numerator:
Net income from continuing operations	$	88,092	$	88,698	$	45,389
Net income (loss) from discontinued operations	1,717		100		(34,594)
Net income	$	89,809	$	88,798	$	10,795

Denominator:
Weighted-average shares, basic	25,142		25,504		25,423
Dilutive effect of share-based payments	220		254		95
Weighted-average shares, diluted	25,362		25,758		25,518

Net income from continuing operations per common share, basic	$	3.50	$	3.48	$	1.79
Net income (loss) from discontinued operations per common share, basic	0.07		—		(1.36)
Net income per common share, basic	$	3.57	$	3.48	$	0.42

Net income from continuing operations per common share, diluted	$	3.47	$	3.44	$	1.78
Net income (loss) from discontinued operations per common share, diluted	0.07		—		(1.36)
Net income per common share, diluted	$	3.54	$	3.45	$	0.42

For the years ended June 30, 2023, 2022 and 2021, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would have been antidilutive were 1,135,984, 926,286 and 1,297,214, respectively.