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Net Income Per Share | 3 Months Ended
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Sep. 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 income per share:
| Three Months Ended September 30,
| 2019 |  | 2018
Numerator |  |  |  |  |
Net income available to common shareholders | $ | 2,792,820 |  |  | $ | 5,795,801 |
Denominator |  |  |  |  |
Weighted average number of common shares — Basic | 33,126,645 |  |  | 33,102,292 |
Effect of dilutive securities: |  |  |  |  |
Contingent restricted stock grants | 7,727 |  |  | 16,765 |
Weighted average number of common shares and potentially dilutive common shares used in diluted earnings per share | 33,134,372 |  |  | 33,119,057 |
Net income per common share — Basic | $ | 0.08 |  |  | $ | 0.18 |
Net income per common share — Diluted | $ | 0.08 |  |  | $ | 0.17 |
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At September 30, 2019
Contingent Restricted Stock grants | $ | — |  |  | 200,000 |
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At September 30, 2018
Contingent Restricted Stock grants | $ | — |  |  | 10,156 |

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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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