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Earnings (Loss) per Common Share

12 Months Ended

Jun. 30, 2024

Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

Note 12. Earnings (Loss) per Common 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,
	​	2024			2023
Numerator	​	​		​	​
Net income (loss)	​	$	4,080	​	$	35,217
Undistributed earnings allocated to unvested restricted stock	​	​	(83)	​	​	(560)
Net income (loss) for earnings per share calculation	​	$	3,997	​	$	34,657
​	​	​		​	​
Denominator	​	​	​	​	​	​
Weighted average number of common shares outstanding — Basic	​	​	32,691	​	​	32,985
Effect of dilutive securities:	​	​	​	​	​	​
Unvested restricted stock awards	​	​	183	​	​	193
Unvested contingent restricted stock units	​	​	27	​	​	12
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	​	​	32,901	​	​	33,190
​	​	​	​	​	​	​
Net income (loss) per common share — Basic	​	$	0.12	​	$	1.05
Net income (loss) per common share — Diluted	​	$	0.12	​	$	1.04

​

Unvested restricted stock awards (both time-vested and performance-based), totaling approximately 0.1 million for each of the years ended June 30, 2024 and 2023, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive.

In addition, unvested performance-based restricted stock awards and unvested contingent restricted stock units that would not meet the performance criteria as of the period end are excluded from the computation of diluted earnings per common share.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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