v3.26.1
EARNINGS PER SHARE AND COMMON STOCK
12 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE AND COMMON STOCK

15. EARNINGS PER SHARE AND COMMON STOCK

The factors used in the earnings per share computation are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

2025

 

 

2024

 

Income (loss) from continuing operations

 

$

(1,601

)

 

$

10,715

 

 

$

23,243

 

Loss from discontinued operations, net of tax

 

 

(61

)

 

 

(3,672

)

 

 

(15,443

)

Net income (loss)

 

$

(1,662

)

 

$

7,043

 

 

$

7,800

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares — basic

 

 

17,162,850

 

 

 

16,428,485

 

 

 

16,930,348

 

Dilutive effect of assumed restricted share awards/units

 

 

 

 

 

97,288

 

 

 

107,957

 

Weighted average outstanding shares — diluted

 

 

17,162,850

 

 

 

16,525,773

 

 

 

17,038,305

 

Basic income (loss) per share

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.09

)

 

$

0.65

 

 

$

1.37

 

Discontinued operations

 

 

(0.01

)

 

 

(0.22

)

 

 

(0.91

)

Net income (loss)

 

$

(0.10

)

 

$

0.43

 

 

$

0.46

 

Diluted income (loss) per share

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.09

)

 

$

0.65

 

 

$

1.36

 

Discontinued operations

 

 

(0.01

)

 

 

(0.22

)

 

 

(0.90

)

Net income (loss)

 

$

(0.10

)

 

$

0.43

 

 

$

0.46

 

For the years ended June 30, 2026, 2025, and 2024, an immaterial number of shares were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.

Share Repurchase Program

On June 24, 2021, the board of directors of the Company authorized a share repurchase program that allows for the repurchase of up to $50.0 million of the Company’s common stock during the three-year period ended June 24, 2024. As of June 30, 2023, $1.6 million remained available under this program, all of which was fully utilized during the fiscal 2024 first quarter ended October 1, 2023.

On July 24, 2023, the board of directors of the Company authorized a new share repurchase program under which the Company may repurchase up to $50 million of its outstanding shares of common stock. The new authorization became effective upon the completion of the Company’s existing $50 million share repurchase authorization. As of June 30, 2026, $23.5 million remained available under the new authorization.

During the fiscal years ended June 30, 2026, 2025 and 2024, the Company repurchased 116,370 shares, 531,970 shares and 750,943 shares of common stock for $2.3 million, $9.5 million and $16.3 million in cash, including related fees and expenses.