Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2022

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, 2022		March 31, 2021		March 31, 2022		March 31, 2021
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(34,899)	$	(12,873)	$	(77,356)	$	(20,501)
Weighted average shares outstanding	26,783		26,515		26,714		26,422
Basic loss per share	$	(1.30)	$	(0.49)	$	(2.90)	$	(0.78)
Diluted EPS:
Diluted weighted average shares	26,783		26,515		26,714		26,422
Diluted loss per share	$	(1.30)	$	(0.49)	$	(2.90)	$	(0.78)