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Earnings (Loss) Per Share
 9 Months Ended
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