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NET INCOME PER SHARE
12 Months Ended
Jun. 30, 2025
Basic & Diluted income per share:  
NET INCOME PER SHARE

13.        NET INCOME PER SHARE

 

We calculate basic earnings per share by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the effects of potentially dilutive securities based upon the treasury stock method for in-the-money stock options and the fully diluted shares outstanding method for restricted stock and performance awards. The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2025 and 2024 is as follows (in thousands, except per share data):

           
   Years Ended June 30, 
   2025   2024 
Basic:        
Net income   $8,978   $2,127 
Weighted-average shares outstanding    3,288    3,499 
Basic earnings per share   $2.73   $0.61 
Diluted:          
Net income   $8,978   $2,127 
Weighted-average shares outstanding    3,288    3,499 
Effect of dilutive securities – stock options & performance awards    73    72 
Weighted-average shares used in calculation of diluted earnings per share    3,361    3,571 
Diluted earnings per share   $2.67   $0.60