Earnings per Common Share (Notes)

6 Months Ended

Dec. 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				Six Months Ended
	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(24,919)	$	(4,591)	$	(42,457)	$	(7,628)
Weighted average shares outstanding	26,749		26,489		26,680		26,377
Basic loss per share	$	(0.93)	$	(0.17)	$	(1.59)	$	(0.29)
Diluted EPS:
Diluted weighted average shares	26,749		26,489		26,680		26,377
Diluted loss per share	$	(0.93)	$	(0.17)	$	(1.59)	$	(0.29)