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Net Income Per Share | 12 Months Ended
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Jun. 30, 2017
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,
| 2017 |  | 2016 |  | 2015
Numerator |  |  |  |  |
Net income attributable to common shareholders | $ | 6,790,883 |  |  | $ | 23,986,060 |  |  | $ | 4,317,555 |
Denominator |  |  |  |  |
Weighted average number of common shares – Basic | 33,034,480 |  |  | 32,810,375 |  |  | 32,817,456 |
Effect of dilutive securities: |  |  |  |  |
Contingent restricted stock grants | 53,546 |  |  | 9,378 |  |  | 4,422 |
Stock Options | 22,534 |  |  | 41,478 |  |  | 102,140 |
Total weighted average dilutive securities | 76,080 |  |  | 50,856 |  |  | 106,562 |
Weighted average number of common shares and dilutive potential common shares used in diluted EPS | 33,110,560 |  |  | 32,861,231 |  |  | 32,924,018 |
Net income per common share – Basic | $ | 0.21 |  |  | $ | 0.73 |  |  | $ | 0.13 |
Net income per common share – Diluted | $ | 0.21 |  |  | $ | 0.73 |  |  | $ | 0.13 |
The following were reflected in the calculation of diluted earnings per share as of June 30, 2017:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2017
Contingent Restricted Stock grants | $ | — |  |  | 113,270 |
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 |

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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 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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