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Earnings Per Share
 3 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding.
 
Quarter ended
 
September 30,
 
2017
 
2016
 
(in thousands, except per share data)
Numerator:
 
 
 
Net Income
$
4,147

 
$
14,816

Denominator:
 
 
 
Weighted-average shares, basic
25,434

 
25,523

Dilutive effect of share-based payments
145

 
239

Weighted-average shares, diluted
25,579

 
25,762

 
 
 
 
Net income per common share, basic
$
0.16

 
$
0.58

Net income per common share, diluted
$
0.16

 
$
0.58



For the quarter ended September 30, 2017, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 444,588. For the quarter ended September 30, 2016, there were 421,328 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.