Earnings Per Share
Basic and diluted earnings per share were calculated as follows under the two-class method:
(Amounts in thousands, except per share data)Year Ended June 30
202520242023
Basic and Diluted Earnings Per Share:
   Net Income$16,984 $20,511 $55,831 
Less: Net Income allocated to participating securities19 24 82 
   Net Income allocated to common Share Owners$16,965 $20,487 $55,749 
Basic weighted average common shares outstanding24,782 25,079 24,904 
Dilutive effect of average outstanding stock compensation awards235 199 172 
Dilutive weighted average shares outstanding25,017 25,278 25,076 
Earnings Per Share of Common Stock:
Basic$0.68 $0.82 $2.24 
Diluted$0.68 $0.81 $2.22 

Historical Timeline

Fiscal YearFiled
2025Aug 22, 2025Showing above
2024Aug 23, 2024
2023Aug 24, 2023
2022Aug 30, 2022
2021Aug 27, 2021
2020Aug 27, 2020
2019Aug 27, 2019
2018Aug 28, 2018
2017Aug 29, 2017
2016Aug 25, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.