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Earnings per Common Share
6 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
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 EndedSix Months Ended
December 31,
2024
December 31,
2023
December 31,
2024
December 31,
2023
 (In thousands, except per share data)
Basic EPS:
Net loss$(5,533)$(2,851)$(14,756)$(6,018)
Weighted average shares outstanding27,801 27,377 27,680 27,314 
Basic loss per share$(0.20)$(0.10)$(0.53)$(0.22)
Diluted EPS:
Net loss$(5,533)$(2,851)$(14,756)$(6,018)
Diluted weighted average shares outstanding27,801 27,377 27,680 27,314 
Diluted loss per share$(0.20)$(0.10)$(0.53)$(0.22)

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

 Three Months EndedSix Months Ended
December 31,
2024
December 31,
2023
December 31,
2024
December 31,
2023
 (In thousands)
Nonvested restricted stock units
917 949 926 757