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Net Income Per Share (Tables)

3 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted 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

Schedule of outstanding potentially dilutive securities

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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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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