Annual report pursuant to Section 13 and 15(d)

Note 15 - Earnings Per Share

Note 15 - Earnings Per Share
12 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]


Earnings Per Share


Basic and diluted EPS are calculated using the following weighted average share data (in thousands):



Fiscal Year Ended June 30,








Weighted average shares outstanding for basic calculation

    25,413       25,265       26,044  

Dilutive effect of stock options and other share-based awards

    109       87       25  

Weighted average shares outstanding adjusted for dilution calculation

    25,522       25,352       26,069  


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


As of June 30, 2022, 2021 and 2020, total share-based awards of 65,545, 46,827 and 403,106, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.


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. As of June 30, 2022, 2021 and 2020, the number of performance units excluded from the calculation of diluted EPS was 89,969, 251,867 and 199,107, respectively, because the performance conditions were not satisfied.