Note 14 - Earnings Per Share

6 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

14)     Earnings Per Share

The following table sets forth a reconciliation of the number of shares (in thousands) used in the computation of basic and diluted earnings per share:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2020		2019		2020		2019
Basic - Average shares outstanding		12,195		12,376		12,213		12,359
Dilutive effect of unvested, restricted stock awards		75		79		64		68
Diluted - Average shares outstanding		12,270		12,455		12,277		12,427

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. There were 10,658 options to purchase common stock excluded as anti-dilutive from the calculation of diluted earnings per share for the three and nine months ended  December 31, 2020, respectively. No options to purchase common stock were excluded as anti-dilutive from the calculation of diluted earnings per share for the three and nine months ended  December 31, 2019, respectively.

Performance stock units of 130,461 and 86,806 for the six months ended December 31, 2020 and 2019, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.