v2.4.0.6
Net Earnings per Common Share
 12 Months Ended
Jun. 30, 2012
Net Earnings per Common Share [Abstract]  
Net Earnings per Common Share
(13) Net Earnings per Common Share

The following table presents a reconciliation of the denominator used for each period in computing basic and diluted earnings per common share, with common shares in the table represented in thousands:

 

                         
    2012     2011     2010  

Numerator:

                        

Net earnings

   $ 14,549     $ 7,510     $ 9,400  
   

 

 

    

 

 

    

 

 

  

Denominator:

                        

Weighted-average common shares outstanding

     11,207       11,097       10,893  

Effect of potentially dilutive securities: employee stock options and RSUs

     207       130       143  
   

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding, assuming dilution

     11,414       11,227       11,036  
   

 

 

    

 

 

    

 

 

  

Basic net earnings per common share

   $ 1.30     $ 0.68     $ 0.86  
   

 

 

    

 

 

    

 

 

  

Diluted net earnings per common share

   $ 1.27     $ 0.67     $ 0.85  
   

 

 

    

 

 

    

 

 

  

The Company excludes stock options to purchase common shares from the calculation of diluted earnings per common share when they are anti-dilutive, measured using the average market price of the underlying common shares during that fiscal year. Stock options excluded from the computation of diluted net earnings per common share for fiscal 2012, fiscal 2011 and fiscal 2010 were 3,000, 5,000 and zero, respectively.