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Earnings (Loss) Per Share
3 Months Ended
Sep. 30, 2023
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

3. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed using the weighted-average number of shares of common stock outstanding. In periods where net income is reported, the weighted-average number of shares is increased by stock options in the money to calculate diluted net income per share.

The following table represents the calculation of basic and diluted net income (loss) per share (unaudited, in thousands, except per share data):

Three Months Ended

September 30, 

2023

2022

Net income (loss)

    

$

2,596

    

$

(16)

Per share information:

Earnings (loss) per share:

Basic

$

0.08

$

(0.00)

Diluted

$

0.08

$

(0.00)

Weighted-average shares used in computation:

Basic

 

31,479

 

31,933

Effect of dilutive options

657

Diluted

 

32,136

 

31,933

Weighted-average shares of stock options to purchase 3,564,660 and 3,707,271 shares of common stock for the three months ended September 30, 2023 and 2022, respectively, were not included in the computation of diluted net income (loss) per share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.