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Net Income Per Share
 12 Months Ended
Jun. 30, 2018
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,
 
2018
 
2017
 
2016
Numerator
 
 
 
 
 
Net income attributable to common shareholders
$
19,618,484

 
$
6,790,883

 
$
23,986,060

Denominator
 
 
 
 
 
Weighted average number of common shares – Basic
33,126,469

 
33,034,480

 
32,810,375

Effect of dilutive securities:
 
 
 
 
 
Contingent restricted stock grants
52,066

 
53,546

 
9,378

Stock Options
—

 
22,534

 
41,478

Total weighted average dilutive securities
52,066

 
76,080

 
50,856

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
33,178,535

 
33,110,560

 
32,861,231

Net income per common share – Basic
$
0.59

 
$
0.21

 
$
0.73

Net income per common share – Diluted
$
0.59

 
$
0.21

 
$
0.73


The following were reflected in the calculation of diluted earnings per share in their respective fiscal years:
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
Outstanding at
June 30, 2018
Contingent Restricted Stock grants
$
—

 
28,562


Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
Outstanding at
June 30, 2017
Contingent Restricted Stock grants
$
—

 
113,270


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