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Earnings per Common Share | 9 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings per Common Share | Earnings per Common Share The following table sets forth the computation of basic and diluted earnings per common share:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Numerator |  |  |  |  |  |  |  |  |  |  |
Net earnings per common share | $ | 3,710,159 |  |  | $ | 2,398,875 |  |  | $ | 8,267,897 |  |  | $ | 12,099,241 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares — Basic | 33,052,162 |  |  | 33,186,665 |  |  | 33,055,861 |  |  | 33,151,786 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Contingent restricted stock grants | — |  |  | 9,532 |  |  | 2,585 |  |  | 11,875 |
Weighted average number of common shares and potentially dilutive common shares used in diluted earnings per share | 33,052,162 |  |  | 33,196,197 |  |  | 33,058,446 |  |  | 33,163,661 |
Net earnings per common share — Basic | $ | 0.11 |  |  | $ | 0.07 |  |  | $ | 0.25 |  |  | $ | 0.36 |
Net earnings per common share — Diluted | $ | 0.11 |  |  | $ | 0.07 |  |  | $ | 0.25 |  |  | $ | 0.36 |
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At March 31, 2020
Contingent Restricted Stock grants | $ | — |  |  | 200,000 |
Outstanding Potentially Dilutive Securities | Weighted Average Exercise Price |  | At March 31, 2019
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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