| 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 years ended June 30, 2026, 2025, and 2024: | | | | | | | | | | | | | | | | | | | Year ended June 30, | | (000s) | 2026 | | 2025 | | 2024 | | Shares used in basic earnings per share calculation | 13,414 | | 14,678 | | 17,704 | | Effect of dilutive securities: | | | | | | | Employee stock-based compensation | 562 | | 218 | | 81 | | Warrant | 832 | | 652 | | 470 | | TRG Conversion | — | | 177 | | — | | Total effects of dilutive securities | 1,394 | | 1,047 | | 551 | | Shares used in dilutive earnings per share calculation | 14,808 | | 15,725 | | 18,255 | | | | | | | | Shares considered anti-dilutive using the treasury method | — | | | 209 | | | 549 | |
Net income was adjusted as follows:
| | | | | | | | | | | | | | | | | | | Year ended June 30, | | ($000s) | 2026 | | 2025 | | 2024 | | Net income | $ | 46,331 | | | $ | 36,864 | | | $ | 33,655 | | | Convertible debt - interest expense, net of tax | — | | | 178 | | | — | | | Numerator for diluted EPS | $ | 46,331 | | | $ | 37,042 | | | $ | 33,655 | |
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