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Earnings per Common Share
 9 Months Ended
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