v3.25.2
Earnings per Common Share
12 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share
Note 11—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) 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. Nonvested restricted stock units are considered antidilutive in the event we report a net loss.

The computation of basic and diluted EPS is as follows:
 Fiscal Years Ended
 June 30,
2025
June 30,
2024
June 30,
2023
 (In thousands, except per share data)
Basic EPS:
Net loss $(29,462)$(24,976)$(52,361)
Weighted average shares outstanding27,769 27,379 26,988 
Basic loss per share$(1.06)$(0.91)$(1.94)
Diluted EPS:
Weighted average shares outstanding—basic27,769 27,379 26,988 
Diluted weighted average shares27,769 27,379 26,988 
Diluted loss per share$(1.06)$(0.91)$(1.94)
The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

 Fiscal Years Ended
June 30,
2025
June 30,
2024
June 30,
2023
 (In thousands)
Nonvested restricted stock units999 863 97