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Note 15 - Earnings Per Share
9 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

(15)

Earnings Per Share

 

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share (“EPS”):

 

   

Three months ended

   

Nine months ended

 
   

March 31,

   

March 31,

 

(in thousands, except per share data)

 

2024

   

2023

   

2024

   

2023

 

Numerator (basic and diluted):

                               

Net income available to common Shareholders

  $ 12,953     $ 22,356     $ 45,303     $ 80,402  
                                 

Denominator:

                               

Basic weighted average shares common shares outstanding

    25,531       25,477       25,520       25,470  

Dilutive effect of stock options and other share-based awards (1)

    119       122       112       110  

Diluted weighted average shares common shares outstanding

    25,650       25,599       25,632       25,580  
                                 

Earnings per share:

                               

Basic

  $ 0.51     $ 0.88     $ 1.78     $ 3.16  

Diluted

  $ 0.50     $ 0.87     $ 1.77     $ 3.14  

 

(1)

Dilutive potential common shares consist of stock options, restricted stock units and performance units.

 

As of March 31, 2024 and 2023, total share-based awards of 20,088 and 43,060, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive.

 

As of March 31, 2024 and 2023, the number of performance units excluded from the calculation of diluted EPS were 165,176 and 176,496, respectively. Contingently issuable shares with performance conditions are evaluated for inclusion in diluted EPS if, at the end of the current period, conditions would be satisfied as if it were the end of the contingency period.