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Note 11 - Earnings Per Share | 6 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] |
( 11 ) | Earnings Per Share
Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands):
|  | Three months ended |  |  | Six months ended |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Weighted average shares outstanding for basic calculation |  |  | 26,580 |  |  |  | 26,574 |  |  |  | 26,646 |  |  |  | 26,556 |
Dilutive effect of stock options and other share-based awards |  |  | 32 |  |  |  | 349 |  |  |  | 35 |  |  |  | 376 |
Weighted average shares outstanding adjusted for dilution calculation |  |  | 26,612 |  |  |  | 26,923 |  |  |  | 26,681 |  |  |  | 26,932 |
Dilutive potential common shares consist of stock options and performance stock units. As of December 31, 2019 and 2018, stock options to purchase 280,437 and 157,294 common shares, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. As of December 31, 2019 and 2018, the number of performance-based equity award grants excluded from the calculation of diluted EPS was 287,287 and 268,752, respectively . Performance-based awards are excluded from the calculation of diluted EPS unless the performance criteria are probable of being achieved as of the balance sheet date.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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