XML 45 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation.

As of June 30, 2016, 2015 and 2014, there were outstanding options to purchase 940,500 shares, 1.0 million shares and 743,000 shares of the Corporation’s common stock, respectively, of which 216,500 shares, 224,000 shares and 269,000 shares, respectively, were excluded from the diluted EPS computation as their effect was anti-dilutive. As of June 30, 2016, 2015 and 2014, there were outstanding restricted stock awards of 190,000 shares, 200,000 shares and 81,500 shares, respectively.

The following table provides the basic and diluted EPS computations for the fiscal years ended June 30, 2016, 2015 and 2014, respectively:
(Dollars in Thousands, Except Share Amount)
For the Year Ended June 30, 2016
Income
(Numerator)
Shares
(Denominator)
Per-Share
Amount
 
 
 
 
 
 
Basic EPS
$
7,474

 
8,347,564

 
$
0.90

 
Effect of dilutive shares:
 
 
 
 
 
 
 
Stock options
 
 
127,546

 
 
 
 
Restricted stock
 
 
66,444

 
 
 
Diluted EPS
$
7,474

 
8,541,554

 
$
0.88

 

(Dollars in Thousands, Except Share Amount)
For the Year Ended June 30, 2015
Income
(Numerator)
Shares
(Denominator)
Per-Share
Amount
 
 
 
 
 
 
Basic EPS
$
9,803

 
8,996,952

 
$
1.09

 
Effect of dilutive shares:
 
 
 
 
 
 
 
Stock options
 
 
115,341

 
 
 
 
Restricted stock
 
 
61,564

 
 
 
Diluted EPS
$
9,803

 
9,173,857

 
$
1.07

 

(Dollars in Thousands, Except Share Amount)
For the Year Ended June 30, 2014
Income
(Numerator)
Shares
(Denominator)
Per-Share
Amount
 
 
 
 
 
 
Basic EPS
$
6,606

 
9,926,323

 
$
0.67

 
Effect of dilutive shares:
 
 
 
 
 
 
 
Stock options
 
 
153,219

 
 
 
 
Restricted stock
 
 
31,243

 
 
 
Diluted EPS
$
6,606

 
10,110,785

 
$
0.65