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Earnings per Common Share (Tables) | 9 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The computation of basic and diluted earnings per share is as follows:
| Three Months Ended |  | Nine Months Ended
| March 31, 2020 |  | March 31, 2019 |  | March 31, 2020 |  | March 31, 2019
| (In thousands, except per share data)
Basic EPS: |  |  |  |  |  |  |
Net income (loss) | $ | (5,495 | ) |  | $ | 8,933 |  |  | $ | (27,352 | ) |  | $ | 15,170 |
Weighted average shares outstanding | 26,478 |  |  | 26,788 |  |  | 26,781 |  |  | 26,918 |
Basic earnings (loss) per share | $ | (0.21 | ) |  | $ | 0.33 |  |  | $ | (1.02 | ) |  | $ | 0.56 |
Diluted EPS: |  |  |  |  |  |  |
Weighted average shares outstanding – basic | 26,478 |  |  | 26,788 |  |  | 26,781 |  |  | 26,918 |
Dilutive stock options | — |  |  | 27 |  |  | — |  |  | 28 |
Dilutive nonvested deferred shares | — |  |  | 602 |  |  | — |  |  | 641 |
Diluted weighted average shares | 26,478 |  |  | 27,417 |  |  | 26,781 |  |  | 27,587 |
Diluted earnings (loss) per share | $ | (0.21 | ) |  | $ | 0.33 |  |  | $ | (1.02 | ) |  | $ | 0.55 |
Antidilutive Securities Excluded from the Calculation of Diluted EPS | The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:
| Three Months Ended |  | Nine Months Ended
| March 31, 2020 |  | March 31, 2019 |  | March 31, 2020 |  | March 31, 2019
| (In thousands)
Stock options | 18 |  |  | — |  |  | 23 |  |  | — |
Nonvested deferred shares | 1,023 |  |  | 188 |  |  | 844 |  |  | 152 |
Total antidilutive securities | 1,041 |  |  | 188 |  |  | 867 |  |  | 152 |

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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 + 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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