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NET INCOME PER SHARE
 9 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
NET INCOME PER SHARE

NOTE 6. NET INCOME PER SHARE

 

The Company calculates basic net income per share by dividing net income by the weighted-average number of common shares outstanding during the reporting period. The weighted-average number of common shares outstanding used in the calculation of diluted income per share reflects the effects of potentially dilutive securities, in income generating periods, which consist entirely of outstanding stock options and performance awards.

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings per share computations for net income. In the tables below, income amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

                    
   Three Months Ended
March 31,		   Nine Months Ended
March 31,		 
   2023   2022   2023   2022 
Basic:                
Net income   $1,313   $462   $3,268   $2,450 
Weighted average shares outstanding    3,548    3,626    3,580    3,645 
Basic income per share   $0.37   $0.13   $0.91   $0.67 
Diluted:                    
Net income   $1,313   $462   $3,268   $2,450 
Weighted average shares outstanding    3,548    3,626    3,580    3,645 
Effect of dilutive securities    75    123    76    129 
Weighted average shares used in calculation of diluted earnings per share    3,623    3,749    3,656    3,774 
Diluted income per share   $0.36   $0.12   $0.89   $0.65