v3.26.1
Note 13 - Earnings Per Share
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

13)     Earnings Per Share

 

The Company uses shares acquired through treasury stock repurchases for the issuance of shares of common stock for the settlement of awards under its stock-based compensation plans, with the net effect of these transactions accounting for the change in common stock outstanding.

 

The following table sets forth a reconciliation of the number of shares (in thousands) used in the computation of basic and diluted earnings per share:

 

  

Three Months Ended March 31,

  

Nine Months Ended March 31,

 
  

2026

  

2025

  

2026

  

2025

 

Basic - Average shares outstanding

  12,048   11,986   12,033   11,906 

Dilutive effect of unvested, restricted stock awards

  14   73   20   91 

Diluted - Average shares outstanding

  12,062   12,059   12,053   11,997 

 

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. There were no outstanding instruments that had an anti-dilutive effect at March 31, 2026 or 2025.

 

Performance stock units of 61,899 and 81,704 for the three and nine months ended  March 31, 2026 and 2025, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.