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Earnings Per Share
 3 Months Ended
Sep. 30, 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 three months ended September 30, 2025 and 2024 are computed as follows (in thousands, except per share data):

 

   For the three months ended
September 30,
   2025
(Unaudited)		  2024
(Unaudited)
       
Net income  $1,847   $3,231 
Less: distributed and undistributed income allocated to unvested restricted common stock   282    458 
Net income allocated to EVI Industries, Inc. shareholders  $1,565   $2,773 
Weighted average shares outstanding used in basic earnings per share   12,768    12,685 
Dilutive common share equivalents   888    362 
Weighted average shares outstanding used in diluted earnings per share   13,656    13,047 
Basic earnings per share  $0.12   $0.22 
Diluted earnings per share  $0.11   $0.21 

 

At September 30, 2025 and 2024, other than 136,610 shares and 708,685 shares, respectively, of common stock subject to unvested restricted stock awards or restricted stock units, there were no potentially dilutive securities outstanding.