XML 98 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Net Income per Share
 12 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:
Year Ended June 30,
202220212020
Numerator
Net income$35,653 $15,675 $22,783 
Allocation of earnings to participating securities(310)(145)(194)
Numerator for basic EPS - Net income available to common stockholders$35,343 $15,530 $22,589 
Effect of dilutive securities:
Dilutive effect of participating securities— 4 6 
Numerator for diluted EPS $35,343 $15,534 $22,595 
Denominator
Weighted-average common shares outstanding - basic15,516,173 16,078,066 16,729,056 
Dilutive effect of assumed exercise of stock options294,236 417,049 563,183 
Weighted-average common shares outstanding - diluted15,810,409 16,495,115 17,292,239 
Net income per share - basic$2.27 $0.96 $1.34 
Net income per share - diluted$2.23 $0.94 $1.30 
Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 96,350 and 529,850 stock options that were anti-dilutive as of June 30, 2022 and 2021, respectively.