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Earnings per Common Share | 9 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings per Common Share | Earnings per Common Share Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of nonvested restricted stock shares. In the event we report a loss, nonvested restricted stock shares are not included since they are anti-dilutive. The computation of basic and diluted earnings per share is as follows:
| Three Months Ended |  | Nine Months Ended
| March 31, 2024 |  | March 31, 2023 |  | March 31, 2024 |  | March 31, 2023
| (In thousands, except per share data)
Basic EPS: |  |  |  |  |  |  |
Net loss | $ | (14,581) |  |  | $ | (12,686) |  |  | $ | (20,599) |  |  | $ | (52,025) |
Weighted average shares outstanding | 27,443 |  |  | 27,038 |  |  | 27,357 |  |  | 26,969 |
Basic loss per share | $ | (0.53) |  |  | $ | (0.47) |  |  | $ | (0.75) |  |  | $ | (1.93) |
Diluted EPS: |  |  |  |  |  |  |
Net loss | $ | (14,581) |  |  | $ | (12,686) |  |  | $ | (20,599) |  |  | $ | (52,025) |
Diluted weighted average shares outstanding | 27,443 |  |  | 27,038 |  |  | 27,357 |  |  | 26,969 |
Diluted loss per share | $ | (0.53) |  |  | $ | (0.47) |  |  | $ | (0.75) |  |  | $ | (1.93) |
The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:
| Three Months Ended |  | Nine Months Ended
| March 31, 2024 |  | March 31, 2023 |  | March 31, 2024 |  | March 31, 2023
| (In thousands)
Nonvested restricted stock shares | 1,056 |  |  | 133 |  |  | 868 |  |  | 81 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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