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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2019
Accounting Policies [Abstract] |
Schedule of Costs, Estimated Earnings and Billings on Percentage of Completion Contracts | Costs, estimated earnings and billings on longer-term contracts when the cost-to-cost method of revenue recognition is utilized as of June 30, 2019 and 2018 consisted of the following (in thousands):
June 30, |  | 2019 |  | 2018
Costs incurred on uncompleted contracts |  | $ | 19,285 |  |  | $ | 5,286 |
Estimated earnings |  |  | 1,224 |  |  |  | 1,072 |
Less: revenues recognized to date |  |  | (19,673 | ) |  |  | (5,605 | )
Retainage |  |  | 797 |  |  |  | — |
Ending balance |  | $ | 1,633 |  |  | $ | 753 |
Schedule of Amounts Included in Consolidated Balance Sheet | These amounts are included in the Company’s consolidated balance sheets under the following captions (in thousands):
June 30, |  | 2019 |  | 2018
Contract assets |  | $ | 2,487 |  |  | $ | 1,012 |
Contract liabilities |  |  | (854 | ) |  |  | (259 | )
Ending balance |  | $ | 1,633 |  |  | $ | 753 |
Schedule of Basic and Diluted Earnings Per Share |
Basic and diluted earnings per share for fiscal 2019 and fiscal 2018 are computed as follows (in thousands, except per share data):
|  | For the years ended June 30,
|  | 2019 |  | 2018
Net income |  | $ | 3,743 |  |  | $ | 3,966 |
Less: distributed and undistributed income allocated to non-vested restricted common stock |  |  | 260 |  |  |  | 295 |
Net income allocated to EVI Industries, Inc. shareholders |  | $ | 3,483 |  |  | $ | 3,671 |
Weighted average shares outstanding used in basic earnings per share |  |  | 11,533 |  |  |  | 10,840 |
Dilutive common share equivalents |  |  | 489 |  |  |  | 437 |
Weighted average shares outstanding used in dilutive earnings per share |  |  | 12,022 |  |  |  | 11,277 |
Basic earnings per share |  | $ | 0.30 |  |  | $ | 0.34 |
Diluted earnings per share |  | $ | 0.29 |  |  | $ | 0.33

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- Definition Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings. + References No definition available. + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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