Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share
9 Months Ended
Mar. 31, 2022
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


Nine months ended


March 31,


March 31,










Weighted average shares outstanding for basic calculation

    25,434       25,303       25,402       25,240  

Dilutive effect of stock options and other share-based awards

    115       97       102       65  

Weighted average shares outstanding adjusted for dilution calculation

    25,549       25,400       25,504       25,305  


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


As of March 31, 2022 and 2021, total share-based awards of 47,211 and 161,902, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.


As of March 31, 2022 and 2021, the number of performance units excluded from the calculation of diluted EPS were 169,000 and 316,445, respectively. 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.