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Net Income Per Share | 12 Months Ended
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Jun. 30, 2016
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 share:
| June 30,
| 2016 |  | 2015 |  | 2014
Numerator |  |  |  |  |
Net income attributable to common shareholders | $ | 23,986,060 |  |  | $ | 4,317,555 |  |  | $ | 2,923,011 |
Denominator |  |  |  |  |
Weighted average number of common shares – Basic | 32,810,375 |  |  | 32,817,456 |  |  | 30,895,832 |
Effect of dilutive securities: |  |  |  |  |
Contingent restricted stock grants | 9,378 |  |  | 4,422 |  |  | — |
Stock Options | 41,478 |  |  | 102,140 |  |  | 1,668,235 |
Total weighted average dilutive securities | 50,856 |  |  | 106,562 |  |  | 1,668,235 |
Weighted average number of common shares and dilutive potential common shares used in diluted EPS | 32,861,231 |  |  | 32,924,018 |  |  | 32,564,067 |
Net income per common share – Basic | $ | 0.73 |  |  | $ | 0.13 |  |  | $ | 0.09 |
Net income per common share – Diluted | $ | 0.73 |  |  | $ | 0.13 |  |  | $ | 0.09 |
The following were reflected in the calculation of diluted earnings per share as of June 30, 2016:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2016
Contingent Restricted Stock grants | $ | — |  |  | 91,172 |
Stock Options | 2.19 |  |  | 35,231 |
Total | $ | 0.61 |  |  | 126,403 |
The following were reflected in the calculation of diluted earnings per share as of June 30, 2015:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2015
Contingent Restricted Stock grants | $ | — |  |  | 56,286 |
Stock Options | $ | 2.50 |  |  | 91,061 |
Total | $ | 1.55 |  |  | 147,347 |
The following were reflected in the calculation of diluted earnings per share as of June 30, 2014:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2014
Stock Options | $ | 2.08 |  |  | 178,061 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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