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Net Income Per Share | 9 Months Ended
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Mar. 31, 2019
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 March 31, |  | Nine Months Ended March 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Numerator |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders | $ | 2,398,875 |  |  | $ | 3,068,354 |  |  | $ | 12,099,241 |  |  | $ | 15,085,734 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares — Basic | 33,186,665 |  |  | 33,171,514 |  |  | 33,151,786 |  |  | 33,123,185 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Contingent restricted stock grants | 9,532 |  |  | 19,798 |  |  | 11,875 |  |  | 32,685 |
Weighted average number of common shares and potentially dilutive common shares used in diluted EPS | 33,196,197 |  |  | 33,191,312 |  |  | 33,163,661 |  |  | 33,155,870 |
Net income per common share — Basic | $ | 0.07 |  |  | $ | 0.09 |  |  | $ | 0.36 |  |  | $ | 0.46 |
Net income per common share — Diluted | $ | 0.07 |  |  | $ | 0.09 |  |  | $ | 0.36 |  |  | $ | 0.45 |
Outstanding potentially dilutive securities as of March 31, 2019 were as follows:
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At March 31, 2019
Contingent Restricted Stock grants | $ | — |  |  | 10,156 |
Outstanding potentially dilutive securities as of March 31, 2018 were as follows:
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At March 31, 2018
Contingent Restricted Stock grants | $ | — |  |  | $ | 61,868 |

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- 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
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