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Earnings (Loss) per Common Share (Tables)
12 Months Ended
Jun. 30, 2023
Earnings (Loss) per Common Share  
Schedule of computation of basic and diluted income (loss) per share

The following table sets forth the computation of basic and diluted earnings (loss) per common share, reflecting the application of the two-class method (in thousands, except per share amounts):

 

Years Ended June 30, 

 

2023

    

2022

Numerator

 

 

Net income (loss)

$

35,217

$

32,628

Undistributed earnings allocated to unvested restricted stock

(560)

(673)

Net income (loss) for earnings per share calculation

$

34,657

$

31,955

 

 

Denominator

Weighted average number of common shares outstanding — Basic

32,985

32,952

Effect of dilutive securities:

Unvested restricted stock awards

193

354

Unvested contingent restricted stock units

12

Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share

33,190

33,306

Net income (loss) per common share — Basic

$

1.05

$

0.97

Net income (loss) per common share — Diluted

$

1.04

$

0.96