Earnings per Common Share (Notes)

3 Months Ended

Sep. 30, 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
	September 30, 2022		September 30, 2021
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(6,512)	$	(17,538)
Weighted average shares outstanding	26,862		26,611
Basic loss per share	$	(0.24)	$	(0.66)
Diluted EPS:
Net loss	(6,512)		(17,538)
Diluted weighted average shares outstanding	26,862		26,611
Diluted loss per share	$	(0.24)	$	(0.66)