Annual report pursuant to Section 13 and 15(d)

Note 15 - Earnings Per Share

v3.20.2
Note 15 - Earnings Per Share
 12 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
15
)
Earnings Per Share
 
Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands):
 
   
Fiscal Year Ended June 30,
  
   
2020
    
2019
    
2018
  
Weighted average shares outstanding for basic calculation
    
26,044
      
26,695
      
27,321
  
Dilutive effect of stock options and other share-based awards
    
25
      
56
      
304
  
Weighted average shares outstanding adjusted for dilution calculation
    
26,069
      
26,751
      
27,625
  
 
Dilutive potential common shares consist of stock options, restricted stock units and performance units. 
 
As of
June 30, 2020,
2019
and
2018,
total share-based awards of
403,106,
231,717
and
195,318,
respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.
 
As of
June 30, 2020,
2019
and
2018,
the number of performance units excluded from the calculation of diluted EPS was
199,107,
187,882
and
210,836,
respectively
.
 Performance units are excluded from the calculation of diluted EPS unless the performance criteria are probable of being achieved as of the balance sheet date.