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Earnings (Loss) per Common Share (Tables)
6 Months Ended
Dec. 31, 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):

 

Three Months Ended

Six Months Ended

December 31, 

December 31, 

 

    

2023

2022

2023

    

2022

Numerator

 

 

 

 

Net income (loss)

$

1,082

$

10,387

$

2,556

$

21,094

Undistributed earnings allocated to unvested restricted stock

(24)

(162)

(51)

(274)

Net income (loss) for earnings per share calculation

$

1,058

$

10,225

$

2,505

$

20,820

 

 

 

 

Denominator

Weighted average number of common shares outstanding — Basic

32,693

33,174

32,676

33,154

Effect of dilutive securities:

Unvested restricted stock awards

171

206

225

195

Unvested contingent restricted stock units

36

14

39

7

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

32,900

33,394

32,940

33,356

Net income (loss) per common share — Basic

$

0.03

$

0.31

$

0.08

$

0.63

Net income (loss) per common share — Diluted

$

0.03

$

0.31

$

0.08

$

0.62