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Net Income Per Share
 6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Income Per Share
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,
 
2018
 
2017
 
2018
 
2017
Numerator
 

 
 

 
 

 
 

Net income available to common shareholders
$
3,904,565

 
$
9,876,848

 
$
9,700,366

 
$
12,017,380

Denominator
 

 
 

 
 

 
 

Weighted average number of common shares — Basic
33,167,159

 
33,109,448

 
33,134,726

 
33,099,546

Effect of dilutive securities:
 

 
 

 
 

 
 

   Contingent restricted stock grants
9,344

 
30,830

 
13,049

 
40,711

Weighted average number of common shares and potentially dilutive common shares used in diluted EPS
33,176,503

 
33,140,278

 
33,147,775

 
33,140,257

 
 
 
 
 
 
 
 
Net income per common share — Basic
$
0.12

 
$
0.30

 
$
0.29

 
$
0.36

Net income per common share — Diluted
$
0.12

 
$
0.30

 
$
0.29

 
$
0.36


 
Outstanding potentially dilutive securities as of December 31, 2018 were as follows:
Outstanding Potentially Dilutive Securities
Weighted
Average
Exercise Price
 
At December 31, 2018
Contingent Restricted Stock grants
$
—

 
10,156

 
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