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Earnings per Common Share (Tables)
3 Months Ended
Sep. 30, 2012
Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

     Three Months Ended  
     September 30,      September 30,  
     2012      2011  
     (In thousands, except per share data)  

Basic EPS:

     

Net income

   $ 4,684       $ 3,509   
  

 

 

    

 

 

 

Weighted average shares outstanding

     25,788         26,400   
  

 

 

    

 

 

 

Basic EPS

   $ 0.18       $ 0.13   
  

 

 

    

 

 

 

Diluted EPS:

     

Weighted average shares outstanding—basic

     25,788         26,400   

Dilutive stock options

     70         87   

Dilutive nonvested deferred shares

     290         235   
  

 

 

    

 

 

 

Diluted weighted average shares

     26,148         26,722   
  

 

 

    

 

 

 

Diluted EPS

   $ 0.18       $ 0.13   
  

 

 

    

 

 

 
Antidilutive Securities Excluded from the Calculation of Diluted EPS

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

 

     Three Months Ended  
     September 30,      September 30,  
     2012      2011  
     (In thousands)  

Stock options

     327         105   

Nonvested deferred shares

     32         48   
  

 

 

    

 

 

 

Total antidilutive securities

     359         153