| Weighted Average Share Counts |
WEIGHTED AVERAGE SHARE COUNTS The following table sets forth the components of the computation from basic to diluted earnings per share for net income for the three and nine months ended March 31, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Nine Months Ended March 31, | | (000s) | 2026 | | 2025 | | 2026 | | 2025 | | Shares used in basic earnings per share calculation | 13,454 | | 13,264 | | 13,427 | | 15,109 | | Effect of dilutive securities: | | | | | | | | | Employee stock-based compensation | 710 | | 301 | | 510 | | 173 | | Warrant | 830 | | 712 | | 843 | | 617 | | TRG Conversion | — | | 127 | | — | | 236 | | Total effects of dilutive securities | 1,540 | | 1,140 | | 1,353 | | 1,026 | | Shares used in diluted earnings per share calculation | 14,994 | | 14,404 | | 14,780 | | 16,135 | | | | | | | | | | Shares considered anti-dilutive using the treasury method | — | | | 153 | | | — | | | 252 | |
Net income was adjusted as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | Nine Months Ended March 31, | | ($000s) | 2026 | | 2025 | | 2026 | | 2025 | | Net income | $ | 13,325 | | | $ | 10,469 | | | $ | 37,584 | | | $ | 27,268 | | | Convertible debt - interest expense, net of tax | — | | | 33 | | | — | | | 178 | | | Numerator for diluted EPS | $ | 13,325 | | | $ | 10,502 | | | $ | 37,584 | | | $ | 27,446 | |
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