Earnings per Common Share

6 Months Ended

Dec. 31, 2023

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 nonvested restricted stock shares. In the event we report a loss, nonvested restricted stock 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, 2023		December 31, 2022		December 31, 2023		December 31, 2022
	(In thousands, except per share data)
Basic EPS:
Net loss	$	(2,851)	$	(32,827)	$	(6,018)	$	(39,339)
Weighted average shares outstanding	27,377		26,999		27,314		26,916
Basic loss per share	$	(0.10)	$	(1.22)	$	(0.22)	$	(1.46)
Diluted EPS:
Net loss	$	(2,851)	$	(32,827)	$	(6,018)	$	(39,339)



Diluted weighted average shares outstanding	27,377		26,999		27,314		26,916
Diluted loss per share	$	(0.10)	$	(1.22)	$	(0.22)	$	(1.46)

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

Three Months Ended

Six Months Ended

December 31,
2023

December 31,
2022

December 31,
2023

December 31,
2022

(In thousands)

Nonvested restricted stock shares

949

757