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Note 14 - Earnings Per Share
 3 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

(14)

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

  
   

September 30,

  

(in thousands, except per share data)

  

2024

    

2023

  

Numerator (basic and diluted):

                

Net income available to common Shareholders

   $ 14,719     $ 14,939  
                 

Denominator:

                

Basic weighted average shares common shares outstanding

     25,547       25,504  

Dilutive effect of stock options and other share-based awards (1)

     71       114  

Diluted weighted average shares common shares outstanding

     25,618       25,618  
                 

Earnings per share:

                

Basic

   $ 0.58     $ 0.59  

Diluted

   $ 0.57     $ 0.58  

 

(1)

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

 

At September 30, 2024 and 2023, total share-based awards of 43,232 and 20,088, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

 

At September 30, 2024 and 2023, the number of performance units excluded from the calculation of diluted EPS were 218,954 and 165,176, 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.