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Earnings Per Share
 9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note (5) - Earnings Per Share: The Company computes earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of the Company’s common stock subject to unvested restricted stock awards and restricted stock units are considered participating securities because they contain a non-forfeitable right to cash dividends (in the case of restricted stock awards) or dividend equivalents (in the case of restricted stock units) paid prior to vesting or forfeiture, if any, irrespective of whether the awards or units ultimately vest. Basic and diluted earnings per share for the nine and three months ended March 31, 2025 and 2024 are computed as follows (in thousands, except per share data):

   For the nine months ended
March  31,		  For the three months ended
March  31,
   2025
(Unaudited)		  2024
(Unaudited)		  2025
(Unaudited)		  2024
(Unaudited)
             
Net income  $5,401   $3,579   $1,041   $956 
Less: distributed and undistributed income allocated to unvested restricted common stock   764    454    147    121 
Net income allocated to EVI Industries, Inc. shareholders  $4,637   $3,125   $894   $835 
Weighted average shares outstanding used in basic earnings per share   12,726    12,639    12,756    12,677 
Dilutive common share equivalents   412    592    379    476 
Weighted average shares outstanding used in diluted earnings per share   13,138    13,231    13,135    13,153 
Basic earnings per share  $0.36   $0.25   $0.07   $0.07 
Diluted earnings per share  $0.35   $0.24   $0.07   $0.06 

 

During the nine and three months ended March 31, 2025, other than 702,256 and 720,590 shares, respectively, of common stock subject to unvested restricted stock awards or restricted stock units, there were no potentially dilutive securities outstanding. During the nine and three months ended March 31, 2024, other than 356,898 and 496,405 shares, respectively, of common stock subject to unvested restricted stock awards or restricted stock units, there were no potentially dilutive securities outstanding.