Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of Costs, Estimated Earnings and Billings on Percentage of Completion Contracts

Costs, estimated earnings and billings on longer-term contracts when the cost-to-cost method of revenue recognition is utilized as of June 30, 2021 and 2020 consisted of the following (in thousands):

June 30,	2021			2020
Costs incurred on uncompleted contracts	$	26,833		$	17,019
Estimated earnings		3,697			1,580
Less: billings to date		(33,615	)		(16,637	)
Retainage		200			923
Ending balance	$	(2,885	)	$	2,885

Schedule of Amounts Included in Consolidated Balance Sheet

These amounts are included in the Company’s consolidated balance sheets under the following captions (in thousands):

June 30,	2021			2020
Contract assets	$	347		$	3,443
Contract liabilities		(3,232	)		(558	)
Ending balance	$	(2,885	)	$	2,885

Schedule of Basic and Diluted Earnings Per Share

	For the years ended June 30,
	2021		2020
Net income	$	8,384	$	775
Less: distributed and undistributed income allocated to non-vested restricted common stock		731		62
Net income allocated to EVI Industries, Inc. shareholders	$	7,653	$	713
Weighted average shares outstanding used in basic earnings per share		12,142		11,841
Dilutive common share equivalents		436		330
Weighted average shares outstanding used in dilutive earnings per share		12,578		12,171
Basic earnings per share	$	0.63	$	0.06
Diluted earnings per share	$	0.61	$	0.06