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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2022
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, 2022 and 2021 consisted of the following (in thousands):
June 30, |  | 2022 |  | 2021 |
Costs incurred on uncompleted contracts |  | $ | 6,143 |  |  | $ | 26,833 |  |
Estimated earnings |  |  | 652 |  |  |  | 3,697 |  |
Less: billings to date |  |  | (7,270 | ) |  |  | (33,615 | ) |
Retainage |  |  | 1,487 |  |  |  | 200 |  |
Ending balance |  | $ | 1,012 |  |  | $ | (2,885 | ) |
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, |  | 2022 |  | 2021 |
Contract assets |  | $ | 1,519 |  |  | $ | 347 |  |
Contract liabilities |  |  | (507 | ) |  |  | (3,232 | ) |
Ending balance |  | $ | 1,012 |  |  | $ | (2,885 | ) |
Schedule of basic and diluted earnings per share |
|  | For the years ended June 30,
|  | 2022 |  | 2021
Net income |  | $ | 4,095 |  |  | $ | 8,384 |
Less: distributed and undistributed income allocated to non-vested restricted common stock |  |  | 423 |  |  |  | 731 |
Net income allocated to EVI Industries, Inc. shareholders |  | $ | 3,672 |  |  | $ | 7,653 |
Weighted average shares outstanding used in basic earnings per share |  |  | 12,367 |  |  |  | 12,142 |
Dilutive common share equivalents |  |  | 283 |  |  |  | 436 |
Weighted average shares outstanding used in dilutive earnings per share |  |  | 12,650 |  |  |  | 12,578 |
Basic earnings per share |  | $ | 0.30 |  |  | $ | 0.63 |
Diluted earnings per share |  | $ | 0.29 |  |  | $ | 0.61 |

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- Definition Tabular disclosure of long-term contract or program. + 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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