Note 18. Earnings Per Share

12 Months Ended

Jun. 30, 2020

Basic and diluted earnings per share were calculated as follows under the two-class method:



(Amounts in thousands, except per share data)	Year Ended June 30
	2020		2019		2018
Basic and Diluted Earnings Per Share:
Net Income	$	18,196	$	31,558	$	16,752
Less: Net Income allocated to participating securities	24		32		9
Net Income allocated to common Share Owners	$	18,172	$	31,526	$	16,743

Basic weighted average common shares outstanding	25,243		25,857		26,745
Dilutive effect of average outstanding performance shares	165		200		255
Dilutive effect of average outstanding deferred stock units	20		25		7
Dilutive weighted average shares outstanding	25,428		26,082		27,007

Earnings Per Share of Common Stock:
Basic	$	0.72	$	1.22	$	0.63
Diluted	$	0.71	$	1.21	$	0.62