Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share
3 Months Ended
Sep. 30, 2021
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


September 30,






Weighted average shares outstanding for basic calculation

    25,375       25,179  

Dilutive effect of stock options and other share-based awards

    76       27  

Weighted average shares outstanding adjusted for dilution calculation

    25,451       25,206  


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


As of September 30, 2021 and 2020, total share-based awards of 142,083 and 437,449, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.


As of September 30, 2021 and 2020, the number of performance units excluded from the calculation of diluted EPS were 293,752 and 316,445, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of current period, conditions would be satisfied as if it were the end of the contingency period.