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Earnings (Loss) per Common Share (Tables)
3 Months Ended
Sep. 30, 2024
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

September 30, 

 

2024

    

2023

Numerator

 

 

Net income (loss)

$

2,065

$

1,474

Undistributed earnings allocated to unvested restricted stock

(40)

(26)

Net income (loss) for earnings per share calculation

$

2,025

$

1,448

 

 

Denominator

Weighted average number of common shares outstanding — Basic

32,722

32,663

Effect of dilutive securities:

Unvested restricted stock awards

146

278

Unvested contingent restricted stock units

43

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

32,868

32,984

Net income (loss) per common share — Basic

$

0.06

$

0.04

Net income (loss) per common share — Diluted

$

0.06

$

0.04