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Earnings Per Share | 9 Months Ended
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Mar. 31, 2020
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:
|  | Nine months ended March 31, |  |  | Three months ended March 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net income allocated to common shareholders, basic and diluted |  | $ | 722 |  |  | $ | 512 |  |  | $ | 240 |  |  | $ | 207 |
|  | Nine months ended March 31, |  |  | Three months ended March 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Weighted average common shares outstanding, basic and diluted |  |  | 8,259,807 |  |  |  | 8,348,242 |  |  |  | 8,246,574 |  |  |  | 8,319,122 |
There were no stock option shares outstanding for the nine- or three-month periods ended March 31, 2020 and 2019.

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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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