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Earnings (Loss) Per Share
 9 Months Ended
Mar. 31, 2024
Earnings (Loss) Per Share  
Income (Loss) Per Share

3. EARNINGS (LOSS) PER SHARE

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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 and shares issuable for RSUs subject to service-based vesting requirements to calculate diluted earnings per share.

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

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Three Months Ended

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Nine Months Ended

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March 31, 

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March 31, 

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2024

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2023

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2024

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2023

Net income (loss)

    

$

1,493

    

$

(372)

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$

6,274

    

$

(492)

Per share information:

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​

​

​

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Earnings (loss) per share:

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​

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Basic

​

$

0.05

​

$

(0.01)

​

$

0.20

​

$

(0.02)

Diluted

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$

0.05

​

$

(0.01)

​

$

0.20

​

$

(0.02)

Weighted-average shares used in computation:

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​

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​

​

​

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​

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Basic

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30,976

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32,122

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31,212

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32,024

Effect of dilutive options and RSUs

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​

623

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—

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​

646

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​

—

Diluted

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31,599

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32,122

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31,858

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32,024

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Weighted-average shares of stock options to purchase 3,458,040 and 3,493,090 shares of common stock for the three months ended March 31, 2024 and 2023, respectively, and weighted-average shares of stock options to purchase 3,504,202 and 3,604,297 shares of common stock for the nine months ended March 31, 2024 and 2023, respectively, were not included in the computation of diluted earnings (loss) per share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.