Note 6 - Earnings Per Common Share

9 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 6 - EARNINGS PER COMMON SHARE

The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding:

(in thousands, except per share data)		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2026				2025				2026				2025

BASIC EARNINGS PER SHARE

Net Income		$	2,091			$	3,883			$	15,703			$	16,212

Weighted average shares outstanding during the period, net of treasury shares			31,836				28,904				30,390				28,754

Weighted average vested restricted stock units outstanding			82				71				62				78

Weighted average shares outstanding in the Deferred Compensation Plan during the period			1,100				1,028				1,079				1,009
Weighted average shares outstanding			33,018				30,003				31,531				29,841

Basic income per share		$	0.06			$	0.13			$	0.50			$	0.54

DILUTED EARNINGS PER SHARE

Net Income		$	2,091			$	3,883			$	15,703			$	16,212

Weighted average shares outstanding

Basic			33,018				30,003				31,531				29,841

Effect of dilutive securities (a):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any			837				963				856				949
Weighted average shares outstanding			33,855				30,966				32,387				30,790

Diluted income per share		$	0.06			$	0.13			$	0.48			$	0.53

Anti-dilutive securities (b)			3				35				2				265

(a)

Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.

(b)

Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and nine months ended March 31, 2026, and March 31, 2025, because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.