Earnings Per Share

9 Months Ended

Mar. 31, 2022

Earnings Per ShareBasic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding.


	Quarter ended				Nine months ended
	March 31,				March 31,
	2022		2021		2022		2021
	(in thousands, except per share data)
Numerator:
Net income from continuing operations	$	23,526	$	13,786	$	68,751	$	24,732
Net (loss) income from discontinued operations	—		(688)		100		(37,647)
Net income (loss)	$	23,526	$	13,098	$	68,851	$	(12,915)
Denominator:
Weighted-average shares, basic	25,635		25,455		25,577		25,404
Dilutive effect of share-based payments	218		117		235		80
Weighted-average shares, diluted	25,853		25,572		25,812		25,484

Net income from continuing operations per common share, basic	$	0.92	$	0.54	$	2.69	$	0.97
Net loss from discontinued operations per common share, basic	—		(0.03)		—		(1.48)
Net income (loss) per common share, basic	$	0.92	$	0.51	$	2.69	$	(0.51)

Net income from continuing operations per common share, diluted	$	0.91	$	0.54	$	2.66	$	0.97
Net loss from discontinued operations per common share, diluted	—		(0.03)		—		(1.48)
Net income (loss) per common share, diluted	$	0.91	$	0.51	$	2.67	$	(0.51)

For the quarter and nine months ended March 31, 2022 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 429,605 and 969,871, respectively. For the quarter and nine months ended March 31, 2021, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 1,532,961 and 1,285,153, respectively.