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Earnings per Common Share (Notes)

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares.

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

	Three Months Ended
	September 30, 2018				September 30, 2017
	(In thousands, except per share data)
Basic EPS:
Net income	$	2,305			$	3,824
Weighted average shares outstanding	26,921				26,655
Basic earnings per share	$	0.09			$	0.14
Diluted EPS:
Weighted average shares outstanding – basic	26,921				26,655
Dilutive stock options	31				10
Dilutive nonvested deferred shares	637				97
Diluted weighted average shares	27,589				26,762
Diluted earnings per share	$	0.08			$	0.14

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

	Three Months Ended
	September 30, 2018			September 30, 2017
	(In thousands)
Nonvested deferred shares	167			718

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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