Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Earnings Per Share

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Note 11 - Earnings Per Share
6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
11
)
Earnings Per Share
 
Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands):
 
   
Three months ended
   
Six months ended
 
   
December 31,
   
December 31,
 
   
2019
   
2018
   
2019
   
2018
 
Weighted average shares outstanding for basic calculation
   
26,580
     
26,574
     
26,646
     
26,556
 
Dilutive effect of stock options and other share-based awards
   
32
     
349
     
35
     
376
 
Weighted average shares outstanding adjusted for dilution calculation
   
26,612
     
26,923
     
26,681
     
26,932
 
 
Dilutive potential common shares consist of stock options and performance stock units. 
 
As of
December 31, 2019
and
2018,
stock options to purchase
280,437
and
157,294
common shares, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.
 
As of
December 31, 2019
and
2018,
the number of performance-based equity award grants excluded from the calculation of diluted EPS was
287,287
and
268,752,
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.