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Note 14 - Earnings Per Share

9 Months Ended

Mar. 31, 2025

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								Nine months ended
		March 31,								March 31,
(in thousands, except per share data)		2025				2024				2025				2024
Numerator (basic and diluted):
Net income available to common shareholders		$	9,605			$	12,953			$	39,328			$	45,303
Denominator:
Basic weighted average shares common shares outstanding			25,556				25,531				25,553				25,520
Dilutive effect of stock options and other share-based awards ⁽¹⁾			73				119				71				112
Diluted weighted average shares common shares outstanding			25,629				25,650				25,624				25,632

Earnings per share:
Basic		$	0.38			$	0.51			$	1.54			$	1.78
Diluted		$	0.37			$	0.50			$	1.53			$	1.77

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

At March 31, 2025 and 2024, total share-based awards of 46,713 and 20,088, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

At March 31, 2025 and 2024, the number of performance units excluded from the calculation of diluted EPS were 213,717 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.