Earnings per Common Share (Tables)

9 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended					Nine Months Ended
	March 31, 2020			March 31, 2019		March 31, 2020			March 31, 2019
	(In thousands, except per share data)
Basic EPS:
Net income (loss)	$	(5,495	)	$	8,933	$	(27,352	)	$	15,170
Weighted average shares outstanding	26,478			26,788		26,781			26,918
Basic earnings (loss) per share	$	(0.21	)	$	0.33	$	(1.02	)	$	0.56
Diluted EPS:
Weighted average shares outstanding – basic	26,478			26,788		26,781			26,918
Dilutive stock options	—			27		—			28
Dilutive nonvested deferred shares	—			602		—			641
Diluted weighted average shares	26,478			27,417		26,781			27,587
Diluted earnings (loss) per share	$	(0.21	)	$	0.33	$	(1.02	)	$	0.55

Antidilutive Securities Excluded from the Calculation of Diluted EPS

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

	Three Months Ended		Nine Months Ended
	March 31, 2020	March 31, 2019	March 31, 2020	March 31, 2019
	(In thousands)
Stock options	18	—	23	—
Nonvested deferred shares	1,023	188	844	152
Total antidilutive securities	1,041	188	867	152