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Earnings per Common Share (Tables)

12 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

The computation of basic and diluted EPS is as follows:

						Fiscal Years Ended
						June 30, 2020						June 30, 2019						June 30, 2018
						(In thousands, except per share data)
Basic EPS:
Net income (loss)						$	(33,074)					$	27,982					$	(11,480)
Weighted average shares outstanding						26,621						26,891						26,769
Basic earnings (loss) per share						$	(1.24)					$	1.04					$	(0.43)
Diluted EPS:
Weighted average shares outstanding—basic						26,621						26,891						26,769
Dilutive stock options						—						28						—
Dilutive nonvested deferred shares						—						668						—
Diluted weighted average shares						26,621						27,587						26,769
Diluted earnings (loss) per share						$	(1.24)					$	1.01					$	(0.43)

Schedule of antidilutive securities excluded from computation of diluted earnings per share

The following securities are considered antidilutive and have been excluded from the calculation of diluted earnings (loss) per share: 

						Fiscal Years Ended
						June 30, 2020						June 30, 2019						June 30, 2018
						(In thousands of shares)
Stock options						19						—						31
Nonvested deferred shares						662						160						424
Total antidilutive securities						681						160						455

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ 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
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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