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Earnings (Loss) Per Share
 6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Note 3: Earnings (Loss) Per Share
 
Basic earnings (loss) 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 entity.
 
As of December 31, 2018 and 2017, there were outstanding options to purchase 509,000 shares and 585,500 shares of the Corporation's common stock, respectively. Of those shares, as of December 31, 2018 and 2017, there were 45,000 shares and 585,500 shares, respectively, which were excluded from the diluted EPS computation as their effect was anti-dilutive. As of December 31, 2018, there were outstanding restricted stock awards of 12,000 shares which have a dilutive effect; and as of December 31, 2017, there were outstanding restricted stock awards of 109,000 shares with no dilutive effect.
 
The following table provides the basic and diluted EPS computations for the quarters and six months ended December 31, 2018 and 2017, respectively.
(In Thousands, Except Earnings Per Share)
  
For the Quarters Ended
December 31,
    
For the Six Months Ended
December 31,
  
   
2018
    
2017
    
2018
    
2017
  
Numerator:
                        
   Net income (loss) – numerator for basic earnings per share
     and diluted earnings per share - available to common 
     stockholders
  
$
1,958
    
$
(777
)
  
$
3,781
    
$
(1,002
)
                                 
Denominator:
                                
   Denominator for basic earnings per share:
                                
     Weighted-average shares
    
7,506
      
7,566
      
7,468
      
7,630
  
                                 
     Effect of dilutive shares:
                                
Stock options
    
89
      
—
      
90
      
—
  
Restricted stock
    
7
      
—
      
21
      
—
  
                                 
   Denominator for diluted earnings per share:
                                
     Adjusted weighted-average shares and assumed
       conversions
    
7,602
      
7,566
      
7,579
      
7,630
  
                                 
Basic (loss) earnings per share
  
$
0.26
    
$
(0.10
)
  
$
0.51
    
$
(0.13
)
Diluted (loss) earnings per share
  
$
0.26
    
$
(0.10
)
  
$
0.50
    
$
(0.13
)