Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share
6 Months Ended
Dec. 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


Six months ended


December 31,


December 31,










Weighted average shares outstanding for basic calculation

    25,473       25,396       25,466       25,386  

Dilutive effect of stock options and other share-based awards

    109       117       105       96  

Weighted average shares outstanding adjusted for dilution calculation

    25,582       25,513       25,571       25,482  


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


As of December 31, 2022 and 2021, total share-based awards of 68,517 and 115,710, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.


As of December 31, 2022 and 2021, the number of performance units excluded from the calculation of diluted EPS were 181,096 and 220,082, 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.