Annual report pursuant to Section 13 and 15(d)

Note 15 - Earnings Per Share

v3.19.2
Note 15 - Earnings Per Share
12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
15
)
Earnings Per Share
 
Basic and diluted earnings per share are calculated using the following weighted average share data (in thousands):
 
   
Years ended June 30,
 
   
2019
   
2018
   
2017
 
Weighted average shares outstanding for basic calculation
   
26,695
     
27,321
     
27,679
 
Dilutive effect of stock options and other share-based awards
   
56
     
304
     
279
 
Weighted average shares outstanding adjusted for dilution calculation
   
26,751
     
27,625
     
27,958
 
  
 
Dilutive potential common shares consist of stock options and unvested restricted stock awards. In fiscal
2019,
2018
and
2017,
stock options to purchase
231,717,
195,318,
and
379,350
common shares, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.
 
As of
June 30, 2019,
2018
and
2017,
the number of performance-based equity award grants excluded from the calculation of diluted EPS was
187,882,
210,836
and
215,613,
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.