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Note 13 - Earnings Per Share
 12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 13. EARNINGS PER SHARE

 

The following table sets forth the computation for basic and diluted earnings per share (EPS):

  

Year Ended June 30,

 
  2025  2024 

(dollars in thousands, except per share data)

        

Net Income (Loss)

 $(334) $1,333 
         

Weighted average number of outstanding shares

        

Basic

  13,343,506   14,182,300 

Effect of dilutive securities

        

Stock options

  1,121   53 

Diluted

  13,344,627   14,182,353 
         

Earnings (Loss) Per Share

        

Basic Net Income (Loss) per Share

 $(0.03) $0.09 

Diluted Net Income (Loss) per Share

 $(0.03) $0.09 

 

The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. Employee stock options excluded from the calculation of diluted EPS totaled 329,100 for the year ended June 30, 2025, and 229,000 for the year ended June 30, 2024.

 

During fiscal years 2025 and 2024, the Company repurchased class A shares on the open market. Repurchased shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.