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Note 13 - Earnings Per Share
 6 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

(13)

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,

 
  

2021

  

2020

  

2021

  

2020

 

Weighted average shares outstanding for basic calculation

  25,396   25,239   25,386   25,209 

Dilutive effect of stock options and other share-based awards

  117   70   96   48 

Weighted average shares outstanding adjusted for dilution calculation

  25,513   25,309   25,482   25,257 

 

Dilutive potential common shares consist of stock options, restricted stock units and performance units. 

 

As of December 31, 2021 and 2020, total share-based awards of 115,710 and 270,108, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

 

As of December 31, 2021 and 2020, the number of performance units excluded from the calculation of diluted EPS were 220,082 and 316,445, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of current period, conditions would be satisfied as if it were the end of the contingency period.