Earnings Per Share

3 Months Ended

Sep. 30, 2025

7. EARNINGS PER SHARE

Basic earnings per share (EPS) of common stock are based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share of common stock include the dilutive effect of potential common shares outstanding. The Company’s potential common shares outstanding are stock options, shares associated with the long-term incentive compensation plans, and non-vested restricted stock units. The Company calculates the dilutive effect of outstanding options and restricted stock units using the treasury stock method. Anti-dilutive options are not included in the computation of diluted EPS when their exercise price is greater than the average closing market price of the common shares.


	Three Months Ended
	September 30,
(in thousands)	2025		2024
Basic shares		5,307		5,203
Potential common shares:
Stock options		98		173
Non-vested restricted stock units and restricted shares		193		200
		291		373
Diluted shares		5,598		5,576

Anti-dilutive shares		6		9

Cash dividends declared per common share were $0.20 for the three months ended September 30, 2025, and were $0.17 for the three months ended September 30, 2024, respectively.