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Earnings Per Share

12 Months Ended

Jun. 30, 2023

Earnings Per Share

Earnings Per Share

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NOTE 13: Earnings Per Share

The following table sets forth the computations of basic and diluted earnings per common share:

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​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​	​	June 30,
(dollars in thousands except per share data)	​	2023		​	2022		​	2021
​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Net income	​	$	39,237	​	$	47,169	​	$	47,180
Less: distributed earnings allocated to participating securities	​		(42)	​		(30)	​		(18)
Less: undistributed earnings allocated to participating securities	​		(150)	​		(165)	​		(135)
Net income available to common shareholders	​	$	39,045	​	$	46,974	​	$	47,027
​	​	​	​	​	​	​	​	​	​
Denominator for basic earnings per share -	​	​	​	​	​	​	​	​	​
Weighted-average shares outstanding	​		10,124,766	​		8,994,022	​		9,007,814
Effect of dilutive securities stock options or awards	​		17,033	​		17,122	​		2,923
Denominator for diluted earnings per share	​	​	10,141,799	​	​	9,011,144	​	​	9,010,737
​	​	​	​	​	​	​	​	​	​
Basic earnings per share available to common stockholders	​	$	3.86	​	$	5.22	​	$	5.22
Diluted earnings per share available to common stockholders	​	$	3.85	​	$	5.21	​	$	5.22

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Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 66,607, 22,750, and 99,825 were excluded from the computation of diluted earnings per share for the fiscal years ended June 30, 2023, 2022, and 2021, respectively.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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