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NET INCOME PER SHARE
 12 Months Ended
Jun. 30, 2024
Basic & Diluted income per share:  
NET INCOME PER SHARE

 

12.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, 2024 and 2023 is as follows (in thousands, except per share data):

          
   Years Ended June 30, 
   2024   2023 
Basic:        
Net income   $2,127   $7,074 
Weighted-average shares outstanding    3,499    3,571 
Basic earnings per share   $0.61   $1.98 
Diluted:          
Net income   $2,127   $7,074 
Weighted-average shares outstanding    3,499    3,571 
Effect of dilutive securities – stock options & performance awards    72    66 
Weighted-average shares used in calculation of diluted earnings per share    3,571    3,637 
Diluted earnings per share   $0.60   $1.95