EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 31, 2021

The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per-share amounts):


	Three-Months Ended March 31,				Nine-Months Ended March 31,
	2021		2020		2021		2020
Net income (loss) as reported	$	6,850	$	(1,556)	$	7,785	$	100

Weighted average common shares outstanding	16,556		16,264		16,481		16,211
Effect of dilutive stock options	631		—		497		101
Weighted average diluted common shares outstanding	17,187		16,264		16,978		16,312

Net income (loss) per common share

Basic	$	0.41	$	(0.10)	$	0.47	$	0.01
Diluted	$	0.40	$	(0.10)	$	0.46	$	0.01
Employee stock options excluded from computation of dilutive income per share amounts because their effect would be anti-dilutive	—		131		—		296