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Note 18. Earnings Per Share | 12 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share were calculated as follows under the two-class method:
(Amounts in thousands, except per share data) | Year Ended June 30
| 2021 |  | 2020 |  | 2019
Basic and Diluted Earnings Per Share: |  |  |  |  |
Net Income | $ | 56,791 |  |  | $ | 18,196 |  |  | $ | 31,558 |
Less: Net Income allocated to participating securities | 84 |  |  | 24 |  |  | 32 |
Net Income allocated to common Share Owners | $ | 56,707 |  |  | $ | 18,172 |  |  | $ | 31,526 |
Basic weighted average common shares outstanding | 25,088 |  |  | 25,243 |  |  | 25,857 |
Dilutive effect of average outstanding stock compensation awards | 196 |  |  | 185 |  |  | 225 |
Dilutive weighted average shares outstanding | 25,284 |  |  | 25,428 |  |  | 26,082 |
Earnings Per Share of Common Stock: |  |  |  |  |
Basic | $ | 2.26 |  |  | $ | 0.72 |  |  | $ | 1.22 |
Diluted | $ | 2.24 |  |  | $ | 0.71 |  |  | $ | 1.21 |

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