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Net Income Per Common Share ("EPS")
6 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share (EPS) NET INCOME PER COMMON SHARE (“EPS”)
The following schedule shows the Company’s earnings per share calculations for the periods presented:
Three Months Ended
December 31,
Six Months Ended
December 31,
2022202120222021
(In Thousands, Except Per Share Data)
Net income$1,951 $18,769 $18,486 $38,484 
Weighted average number of common shares outstanding - basic65,030 72,011 65,383 73,274 
Effect of dilutive securities26 10 23 
Weighted average number of common shares outstanding - diluted65,038 72,037 65,393 73,297 
Basic earnings per share$0.03 $0.26 $0.28 $0.53 
Diluted earnings per share$0.03 $0.26 $0.28 $0.53 
Stock options for 3,096,138 and 3,115,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended December 31, 2022 and 2021, respectively, and stock options for 2,965,000 and 3,115,000 shares of common stock were not considered in computing diluted earnings per share for the six months ended December 31, 2022 and 2021, respectively, because they were considered anti-dilutive. In addition, 427,347 RSUs were not considered in computing diluted earnings per share for the three months and six months ended December 31, 2022, respectively, because they were considered anti-dilutive.