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Earnings Per Share
6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

2. Earnings Per Share

 

Diluted earnings per share is computed taking into consideration common shares outstanding and dilutive potential common shares to be issued or released under the Company’s share-based compensation plans. The factors used in the basic and diluted earnings per share computations follow:

 

   Six months ended
December 31,
   Three months ended
December 31,
 
(in thousands)  2018   2017   2018   2017 
Net income allocated to common shareholders, basic and diluted  $305   $1,149   $167   $869 

 

   Six months ended
December 31,
   Three months ended
December 31,
 
   2018   2017   2018   2017 
Weighted average common shares outstanding, basic and diluted   8,362,486    8,361,941    8,348,165    8,364,276 

  

There were no stock option shares outstanding for the six- or three-month periods ended December 31, 2018 and 2017.