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NET INCOME PER SHARE
12 Months Ended
Jun. 30, 2026
Basic & Diluted income per share:  
NET INCOME PER SHARE

14. 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, 2026 and 2025 is as follows (in thousands, except per share data):

         
   Years Ended June 30, 
   2026   2025 
Basic:        
Net income   $13,662   $8,978 
Weighted-average shares outstanding    3,226    3,288 
Basic earnings per share   $4.24   $2.73 

 

Diluted:

          
Net income   $13,662   $8,978 
Weighted-average shares outstanding    3,226    3,288 
Effect of dilutive securities – stock options & performance awards    91    73 
Weighted-average shares used in calculation of diluted earnings per share    3,317    3,361 
Diluted earnings per share   $4.12   $2.67