v3.25.1
Earnings per Common Share
9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director nonvested restricted stock units. Nonvested restricted stock units are considered dilutive (antidilutive) to our EPS whenever the average market value of the shares during the period exceeds (is less than) the sum of the related average unamortized compensation expense during the period plus the related hypothetical estimated excess tax benefit that will be realized when the shares vest. Nonvested restricted stock units are considered antidilutive to our EPS in the event we report a net loss.
The computation of basic and diluted earnings per share is as follows:
 Three Months EndedNine Months Ended
March 31,
2025
March 31,
2024
March 31,
2025
March 31,
2024
 (In thousands, except per share data)
Basic EPS:
Net loss$(3,434)$(14,581)$(18,190)$(20,599)
Weighted average shares outstanding27,836 27,443 27,731 27,357 
Basic loss per share$(0.12)$(0.53)$(0.66)$(0.75)
Diluted EPS:
Net loss$(3,434)$(14,581)$(18,190)$(20,599)
Diluted weighted average shares outstanding27,836 27,443 27,731 27,357 
Diluted loss per share$(0.12)$(0.53)$(0.66)$(0.75)

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

 Three Months EndedNine Months Ended
March 31,
2025
March 31,
2024
March 31,
2025
March 31,
2024
 (In thousands)
Nonvested restricted stock units
$1,279 $1,056 $1,116 $868