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NET INCOME PER SHARE
 12 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
NET INCOME PER SHARE

 

13.NET INCOME PER SHARE

 

We calculate basic earnings per share by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the effects of potentially dilutive securities. The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2022 and 2021 is as follows (in thousands, except per share data):

 

          
   Years Ended June 30, 
   2022   2021 
Basic:          
Net income  $3,855   $5,821 
Weighted-average shares outstanding   3,636    3,797 
Basic earnings per share  $1.06   $1.53 
Diluted:          
Net income  $3,855   $5,821 
Weighted-average shares outstanding   3,636    3,797 
Effect of dilutive securities – stock options & performance awards   127    139 
Weighted-average shares used in calculation of diluted earnings per share   3,763    3,936 
Diluted earnings per share  $1.02   $1.48