Quarterly report pursuant to Section 13 or 15(d)

Note - 14 Earnings Per Share

Note - 14 Earnings Per Share
9 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]


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,










Weighted average shares outstanding for basic calculation

    25,477       25,434       25,470       25,402  

Dilutive effect of stock options and other share-based awards

    122       115       110       102  

Weighted average shares outstanding adjusted for dilution calculation

    25,599       25,549       25,580       25,504  


Dilutive potential common shares consist of stock options, restricted stock units and performance units.


As of March 31, 2023 and 2022, total share-based awards of 43,060 and 47,211, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.


As of March 31, 2023 and 2022, the number of performance units excluded from the calculation of diluted EPS were 176,496 and 169,000, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of the current period, conditions would be satisfied as if it were the end of the contingency period.