Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Earnings Per Share

v3.21.4
Note 13 - Earnings Per Share
6 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

(13)

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,

 
   

2021

   

2020

   

2021

   

2020

 

Weighted average shares outstanding for basic calculation

    25,396       25,239       25,386       25,209  

Dilutive effect of stock options and other share-based awards

    117       70       96       48  

Weighted average shares outstanding adjusted for dilution calculation

    25,513       25,309       25,482       25,257  

 

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

 

As of December 31, 2021 and 2020, total share-based awards of 115,710 and 270,108, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

 

As of December 31, 2021 and 2020, the number of performance units excluded from the calculation of diluted EPS were 220,082 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.