Nature of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2023

Nature of Business and Summary of Significant Accounting Policies

Schedule of cash and cash equivalents

Cash and cash equivalents consists of the following as of (in thousands):

	March 31, 2023		June 30, 2022
Cash	$	21,290	$	41,667
Money Market Fund		63		63
Certificates of Deposit		10,162		—
	$	31,515	$	41,730

Schedule of investments - other

Investments-other consists of the following as of (in thousands):

	March 31, 2023		June 30, 2022
Certificates of Deposit	$	20,271	$	—
	$	20,271	$	—

Schedule of Certificates of Deposit

Certificates of deposit are recorded at the original cost plus accrued interest. The Company’s Certificates of Deposit consist of the following as of (in thousands):

March 31, 2023
Balance Sheet Classification	Interest Rate		Maturity Date		Cost		Carrying Value
Cash and Cash Equivalents		4.55% - 4.70%		4/24/2023 - 5/22/2023	$	10,000	$	10,162
Investments - other		4.75% - 4.90%		6/23/2023 - 9/21/2023		20,185		20,271

Schedule of changes in intangible assets

Intangible assets consisted of the follows (in thousands):

	March 31, 2023						June 30, 2022
	Carrying		Accumulated		Net book		Carrying		Accumulated		Net book
	value		amortization		value		value		amortization		value
Customer relationships	$	9,800		(9,262)	$	538	$	9,800		(9,143)	$	657
Trade name		4,048		(557)		3,491		4,048		(405)		3,643
	$	13,848	$	(9,819)	$	4,029	$	13,848	$	(9,548)	$	4,300

Schedule of reconciliation of earnings per share

The following provides a reconciliation of information used in calculating the per share amounts for the three months ended March 31, 2023 and 2022 (in thousands, except share and per share data):

	Net Income				Weighted Average Shares		Net Income per Share
	2023		2022		2023	2022	2023		2022
Basic EPS	$	10,840	$	3,273	36,793	36,743	$	0.29	$	0.09
Effect of Dilutive Securities:
Stock Options		—		—	289	136		—		—
Diluted EPS	$	10,840	$	3,273	37,082	36,879	$	0.29	$	0.09

The following provides a reconciliation of information used in calculating the per share amounts for the nine months ended March 31, 2023 and 2022 (in thousands, except share and per share data):

					Weighted Average		Net Income per
	Net Income				Shares		Share
	2023		2022		2023	2022	2023		2022
Basic EPS	$	25,688	$	12,062	36,736	36,723	$	0.70	$	0.33
Effect of Dilutive Securities:
Stock Options		—		—	247	150	$	(0.01)		—
Diluted EPS	$	25,688	$	12,062	36,983	36,873	$	0.69	$	0.33