XML 32 R21.htm IDEA: XBRL DOCUMENT

Note - 15 Earnings Per Share

3 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

(15)

Earnings Per Share

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share (“EPS”):

		Three months ended								Six months ended
		December 31,								December 31,
(in thousands, except per share data)		2023				2022				2023				2022
Numerator (basic and diluted):
Net income available to common Shareholders		$	17,411			$	28,166			$	32,350			$	58,046

Denominator:
Basic weighted average shares common shares outstanding			25,525				25,473				25,515				25,466
Dilutive effect of stock options and other share-based awards ⁽¹⁾			105				109				109				105
Diluted weighted average shares common shares outstanding			25,630				25,582				25,624				25,571

Earnings per share:
Basic		$	0.68			$	1.11			$	1.27			$	2.28
Diluted		$	0.68			$	1.10			$	1.26			$	2.27

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

As of December 31, 2023 and 2022, total share-based awards of 30,063 and 68,517, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

As of December 31, 2023 and 2022, the number of performance units excluded from the calculation of diluted EPS were 165,176 and 181,096, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of the current period, conditions would be satisfied as if it were the end of the contingency period.