Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares. In the event we report a loss, stock options and nonvested deferred shares are not included since they are anti-dilutive.

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

	Three Months Ended				Six Months Ended
	December 31, 2020		December 31, 2019		December 31, 2020		December 31, 2019
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(4,591)	$	(28,008)	$	(7,628)	$	(21,857)
Weighted average shares outstanding	26,489		26,925		26,377		26,930
Basic loss per share	$	(0.17)	$	(1.04)	$	(0.29)	$	(0.81)
Diluted EPS:
Diluted weighted average shares	26,489		26,925		26,377		26,930
Diluted loss per share	$	(0.17)	$	(1.04)	$	(0.29)	$	(0.81)

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

	Three Months Ended		Six Months Ended
	December 31, 2020	December 31, 2019	December 31, 2020	December 31, 2019
	(In thousands)
Stock options	54	26	54	25
Nonvested deferred shares	305	718	436	870
Total antidilutive securities	359	744	490	895