Note 14 - Earnings Per Share

3 Months Ended

Sep. 30, 2018

)

Earnings Per Share

The following table sets forth a reconciliation of the number of shares used in the computation of basic and diluted earnings per share (in thousands):

	Three Months Ended
	September 3 0 ,
	201 8		201 7
Basic - Average shares outstanding		12,716		12,676
Effect of dilutive securities:
Unvested, restricted stock awards		92		92
Diluted - Average shares outstanding		12,808		12,768

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share.

options to purchase common stock were excluded as anti-dilutive from the calculation of diluted earnings per share for the

three

months ended

September 30, 2018

and

2017,

respectively.

Performance stock units of

80,073

and

54,893

for the

three

months ended

September 30, 2018

and

2017,

respectively, are excluded from the diluted earnings per share calculation as the performance criteria have

not

been met.