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Note 2 - Net Income (Loss) Per Common Share
 6 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 2 – Net Income (Loss) Per Common Share

 

Basic net income per common share is computed by dividing the net income during the period by the weighted average number of common shares outstanding during the period. Diluted net income per common share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

 

The following table sets forth the computation of basic and diluted net income per common share:

 

  

Three Months Ended

  

Six Months Ended

 
  

December 31,

2023

  

January 1,

2023

  

December 31,

2023

  

January 1,

2023

 
  

(in thousands, except per share data)

 

Numerator:

                

Net income

 $62,907  $82,530  $31,665  $48,838 
                 

Denominator:

                

Weighted average shares outstanding

  64,835   64,675   64,814   64,606 

Effect of dilutive stock options and unvested restricted stock awards

  342   160   341   214 
                 

Diluted weighted-average shares outstanding

  65,177   64,835   65,155   64,820 
                 

Net income per common share

                

Basic

 $0.97  $1.28  $0.49  $0.76 

Diluted

 $0.97  $1.27  $0.49  $0.75