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Net Income per Share
 3 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Income per Share
Net Income per Share
The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:
 
Three Months Ended September 30,
 
2019
 
2018
Numerator:
 
 
 
Net income
$
8,804

 
$
7,790

Allocation of earnings to participating securities
(68
)
 
(55
)
Numerator for basic EPS - Net income available to common stockholders
$
8,736

 
$
7,735

Effect of dilutive securities:
 
 
 
Dilutive effect to participating securities
8

 
2

Numerator for diluted EPS
$
8,744

 
$
7,737

Denominator:
 

 
 

Weighted-average common shares outstanding - basic
17,097,647

 
18,125,637

Effect of dilutive shares
656,010

 
754,839

Weighted-average common shares outstanding - diluted
17,753,657

 
18,880,476

Net income per share - basic
$
0.51

 
$
0.43

Net income per share - diluted
$
0.49

 
$
0.41


Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 470,800 stock options that were anti-dilutive for the three months ended September 30, 2019, respectively. There were 420,700 stock options that were anti-dilutive for the three months ended September 30, 2018.