Earnings per Common Share

3 Months Ended

Sep. 30, 2024

Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director nonvested restricted stock units. Nonvested restricted stock units are considered dilutive (antidilutive) to our EPS whenever the average market value of the shares during the period exceeds (is less than) the sum of the related average unamortized compensation expense during the period plus the related hypothetical estimated excess tax benefit that will be realized when the shares vest. Nonvested restricted stock units are considered antidilutive to our EPS in the event we report a net loss.

The computation of basic and diluted earnings per share is as follows:


	Three Months Ended
	September 30, 2024		September 30, 2023
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(9,223)	$	(3,167)
Weighted average shares outstanding	27,559		27,113
Basic loss per share	$	(0.33)	$	(0.12)
Diluted EPS:
Net loss	$	(9,223)	$	(3,167)



Diluted weighted average shares outstanding	27,559		27,113
Diluted loss per share	$	(0.33)	$	(0.12)

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

Three Months Ended

September 30,
2024

September 30,
2023

(In thousands)

Nonvested restricted stock units

631

231