Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2021

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				Nine Months Ended
	March 31, 2021		March 31, 2020		March 31, 2021		March 31, 2020
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(12,873)	$	(5,495)	$	(20,501)	$	(27,352)
Weighted average shares outstanding	26,515		26,478		26,422		26,781
Basic loss per share	$	(0.49)	$	(0.21)	$	(0.78)	$	(1.02)
Diluted EPS:
Diluted weighted average shares	26,515		26,478		26,422		26,781
Diluted loss per share	$	(0.49)	$	(0.21)	$	(0.78)	$	(1.02)