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Net Income Per Share
 9 Months Ended
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