Net Income Per Share

The following table sets forth the computation of basic and diluted income per share:



	Three Months Ended December 31,				Six Months Ended December 31,
	2017		2016		2017		2016
Numerator
Net income available to common shareholders	$	9,876,848	$	2,307,634	$	12,017,380	$	2,870,979
Denominator
Weighted average number of common shares — Basic	33,109,448		33,047,166		33,099,546		33,002,088
Effect of dilutive securities:
Contingent restricted stock grants	30,830		9,836		40,711		10,909
Stock options	—		26,025		—		24,272
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	33,140,278		33,083,027		33,140,257		33,037,269

Net income per common share — Basic	$	0.30	$	0.07	$	0.36	$	0.09
Net income per common share — Diluted	$	0.30	$	0.07	$	0.36	$	0.09

Outstanding potentially dilutive securities as of December 31, 2017 were as follows:



Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price	At December 31, 2017
Contingent Restricted Stock grants	—	61,868

Outstanding potentially dilutive securities as of December 31, 2016 were as follows:



Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price		At December 31, 2016
Contingent Restricted Stock grants	$	—	113,270
Stock Options	2.19		35,231
Total outstanding potentially dilutive securities	$	0.52	148,501