v3.25.2
EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
(13) EARNINGS PER SHARE
Basic earnings per share is computed by dividing net income attributable to the Company’s stockholders by the weighted average number of shares of common stock outstanding for the period. Except when the effect would be anti-dilutive, the diluted earnings per share calculation, which is calculated using the treasury stock method, includes the impact of all potentially issuable dilutive shares of the Company’s Common Stock.
The following table provides a reconciliation of the numerator and denominator used for basic and diluted earnings per share (in thousands, except per share amounts):
Year Ended June 30,
202520242023
Numerator for basic and diluted earnings per share:
Net income from continuing operations attributable to stockholders (a)
$62,170 $117,044 $175,916 
Net (loss) income from discontinued operations attributable to stockholders
(41,901)2,500 (890)
Net income attributable to stockholders
$20,269 $119,544 $175,026 
Denominator for earnings per share:
Basic weighted average shares outstanding (b)
91,228 113,791 118,767 
Effect of dilutive securities: (c)
Stock options— — 81 
Restricted stock607 553 524 
Performance share awards82 64 517 
Diluted weighted average shares outstanding
91,917 114,408 119,889 
Earnings per share attributable to stockholders:
Basic earnings per share from continuing operations$0.68 $1.03 $1.48 
Basic (loss) earnings per share from discontinued operations(0.46)0.02 (0.01)
Basic earnings per share attributable to stockholders$0.22 $1.05 $1.47 
Diluted earnings per share from continuing operations$0.68 $1.02 $1.47 
Diluted (loss) earnings per share from discontinued operations(0.46)0.02 (0.01)
Diluted earnings per share attributable to stockholders$0.22 $1.04 $1.46 
_________________________________
(a)Net income from continuing operations attributable to stockholders was calculated as follows (in thousands):
Year Ended June 30,
202520242023
Net income from continuing operations
$72,734 $104,219 $175,777 
Net (income) loss from continuing operations attributable to non-controlling interest
(10,564)12,825 139 
Net income from continuing operations attributable to stockholders
$62,170 $117,044 $175,916 
(b)Weighted average number of common shares used for basic earnings per share excludes the impact of all potentially issuable dilutive shares of Common Stock for the years ended June 30, 2025, 2024 and 2023.
(c)For the year ended June 30, 2025, the effect of 0.9 million stock options and restricted stock units was excluded from diluted weighted average shares outstanding as it had an anti-dilutive effect and the effect of 0.3 million performance share awards was excluded from diluted weighted average shares outstanding as the awards had not satisfied the applicable performance criteria at the end of the period.
For the year ended June 30, 2024, the effect of 1.1 million stock options and restricted stock units was excluded from diluted weighted average shares outstanding as it had an anti-dilutive effect and the effect of 0.2 million performance share awards was excluded from diluted weighted average shares outstanding as the awards had not satisfied the applicable performance criteria at the end of the period.
For the year ended June 30, 2023, the effect of 0.4 million stock options and restricted stock units were excluded from diluted weighted average shares outstanding as they had an anti-dilutive effect and the effect of 0.3 million performance share awards was excluded from diluted weighted average shares outstanding as the awards had not satisfied the applicable performance criteria at the end of the period.