XML 97 R21.htm IDEA: XBRL DOCUMENT v3.19.2

Net Income Per Share

12 Months Ended

Jun. 30, 2019

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,
	2019				2018
Numerator
Net income attributable to common shareholders	$	15,377,066			$	19,618,484
Denominator
Weighted average number of common shares – Basic	33,160,283				33,126,469
Effect of dilutive securities:
Contingent restricted stock grants	9,435				52,066
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	33,169,718				33,178,535
Net income per common share – Basic	$	0.46			$	0.59
Net income per common share – Diluted	$	0.46			$	0.59

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, 2019
Contingent Restricted Stock grants	$	—			10,156

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price				Outstanding at June 30, 2018
Contingent Restricted Stock grants	$	—			28,562

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration