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Earnings (Loss) Per Share | 9 Months Ended
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Mar. 31, 2019
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 March 31, 2019 and 2018, there were outstanding options to purchase 497,750 shares and 529,000 shares of the Corporation's common stock, respectively. Of those shares, as of March 31, 2019 and 2018, there were 497,750 shares and 26,000 shares, respectively, which were excluded from the diluted EPS computation as their effect was anti-dilutive. As of March 31, 2019 and 2018, there were outstanding restricted stock awards of 9,000 shares and 98,500 shares, respectively. The outstanding restricted stock had no dilutive effect for the quarter ended March 31, 2019 but they were dilutive for the comparable quarter last year. The following table provides the basic and diluted EPS computations for the quarters and nine months ended March 31, 2019 and 2018, respectively.
|  | For the Quarters Ended March 31, |  |  | For the Nine Months Ended March 31, |
(In Thousands, Except Earnings Per Share) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) – numerator for basic earnings per share and diluted earnings per share - available to common stockholders |  | $ | (151 | ) |  | $ | 1,733 |  |  | $ | 3,630 |  |  | $ | 731 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares |  |  | 7,507 |  |  |  | 7,457 |  |  |  | 7,481 |  |  |  | 7,573 |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 97 |  |  |  | 60 |  |  |  | 111 |
Restricted stock |  |  | — |  |  |  | 62 |  |  |  | 14 |  |  |  | 53 |
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted weighted-average shares and assumed conversions |  |  | 7,507 |  |  |  | 7,616 |  |  |  | 7,555 |  |  |  | 7,737 |
Basic earnings (loss) per share |  | $ | (0.02 | ) |  | $ | 0.23 |  |  | $ | 0.49 |  |  | $ | 0.10 |
Diluted earnings (loss) per share |  | $ | (0.02 | ) |  | $ | 0.23 |  |  | $ | 0.48 |  |  | $ | 0.09 |

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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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