Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Costs, Estimated Earnings and Billings on Longer-Term 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, 2023 and 2022 consisted of the following (in thousands):

June 30,	2023			2022
Costs incurred on uncompleted contracts	$	13,378		$	6,143
Estimated earnings		2,268			652
Less: billings to date		(16,148	)		(7,270	)
Retainage		1,015			1,487
Ending balance	$	513		$	1,012

Schedule of Company’s Consolidated Balance Sheets

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

June 30,	2023			2022
Contract assets	$	1,181		$	1,519
Contract liabilities		(668	)		(507	)
Ending balance	$	513		$	1,012

Schedule of Basic and Diluted Earnings per Share

Basic and diluted earnings per share for fiscal 2023 and fiscal 2022 are computed as follows

	For the years ended June 30,
	2023		2022
Net income	$	9,719	$	4,095
Less: distributed and undistributed income allocated to non-vested restricted common stock		1,193		423
Net income allocated to EVI Industries, Inc. shareholders	$	8,526	$	3,672
Weighted average shares outstanding used in basic earnings per share		12,553		12,367
Dilutive common share equivalents		251		283
Weighted average shares outstanding used in diluted earnings per share		12,804		12,650
Basic earnings per share	$	0.68	$	0.30
Diluted earnings per share	$	0.67	$	0.29