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Net Income per Share
3 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
The following table sets forth the computation of basic and diluted net income per common share for the periods indicated:
Three Months Ended September 30,
20222021
Numerator
Net income$9,199 $10,527 
Allocation of earnings to participating securities(79)(92)
Numerator for basic EPS - Net income available to common stockholders$9,120 $10,435 
Effect of dilutive securities
Dilutive effect of participating securities— 
Numerator for diluted EPS $9,120 $10,437 
Denominator  
Weighted-average common shares outstanding - basic14,988,006 15,761,247 
Dilutive effect of assumed exercises of stock options142,756 385,364 
Weighted-average common shares outstanding - diluted15,130,762 16,146,611 
Net income per share - basic$0.61 $0.66 
Net income per share - diluted$0.60 $0.65 
Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 550,400 and 446,250 of stock options that were anti-dilutive for the three months ended September 30, 2022 and 2021, respectively.