| WEIGHTED AVERAGE SHARE COUNTS The following table sets forth the components of the computation from basic to diluted earnings per share for net income for the three and six months ended December 31, 2025 and 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | (000s) | 2025 | | 2024 | | 2025 | | 2024 | | Shares used in basic earnings per share calculation | 13,469 | | 15,126 | | 13,414 | | 16,007 | | Effect of dilutive securities: | | | | | | | | | Employee stock-based compensation | 394 | | 139 | | 410 | | 110 | | Warrant | 874 | | 610 | | 849 | | 570 | | Convertible debt | — | | 581 | | — | | 290 | | Total effects of dilutive securities | 1,268 | | 1,330 | | 1,259 | | 970 | | Shares used in diluted earnings per share calculation | 14,737 | | 16,456 | | 14,673 | | 16,977 | | | | | | | | | | Shares considered anti-dilutive using the treasury method | 60 | | | 260 | | | 70 | | | 330 | |
Net income was adjusted as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | Six Months Ended December 31, | | ($000s) | 2025 | | 2024 | | 2025 | | 2024 | | Net income | $ | 12,217 | | | $ | 9,268 | | | $ | 24,259 | | | $ | 16,799 | | | Convertible debt - interest expense, net of tax | — | | 145 | | — | | 145 | | Numerator for diluted EPS | $ | 12,217 | | | $ | 9,413 | | | $ | 24,259 | | | $ | 16,944 | |
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