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Earnings per Common Share (Tables)

9 Months Ended

Mar. 31, 2020

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 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

Schedule of outstanding potentially dilutive securities

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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- References

No definition available.

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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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