Earnings per Common Share

9 Months Ended

Mar. 31, 2024

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