Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Earnings Per Share

v3.19.1
Note 10 - Earnings Per Share
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
10
)
Earnings Per Share
 
Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands):
 
   
Three months ended
   
Nine months ended
 
   
March 31,
   
March 31,
 
   
2019
   
2018
   
2019
   
2018
 
Weighted average shares outstanding for basic calculation
   
26,705
     
27,476
     
26,690
     
27,469
 
Dilutive effect of stock options and other share-based awards
   
46
     
216
     
59
     
256
 
Weighted average shares outstanding adjusted for dilution calculation
   
26,751
     
27,692
     
26,749
     
27,725
 
 
 
Dilutive potential common shares consist of stock options and unvested restricted stock awards. As of
March 31, 2019
and
2018,
stock options to purchase
260,571
and
197,411
common shares, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.
 
As of
March 31, 2019
and
2018,
the number of performance-based equity award grants excluded from the calculation of diluted EPS was
269,138
and
233,596,
respectively
.
 Performance-based awards are excluded from the calculation of diluted EPS unless the performance criteria are probable of being achieved as of the balance sheet date.