v2.4.0.6
Note 7 - Earnings Per Share
 12 Months Ended
Jun. 30, 2012
Earnings Per Share [Text Block]
(7)           EARNINGS PER SHARE

The following is a reconciliation of the numerators and denominators used in computing earnings per share (in thousands):

   
2012
   
2011
   
2010
 
                   
Net income
  $ 25,536     $ 15,262     $ 3,926  
Basic earnings per share:
                       
Weighted - average number of common shares outstanding
    22,264       22,099       21,888  
Basic earnings per share
  $ 1.15     $ 0.69     $ 0.18  
Diluted earnings per share:
                       
Weighted - average number of common shares outstanding
    22,264       22,099       21,888  
Effect of stock options and other incremental shares
    608       533       474  
Weighted-average number of common shares outstanding – diluted
    22,872       22,632       22,362  
Diluted earnings per share
  $ 1.12     $ 0.67     $ 0.18  

The Company has 90,500 options in fiscal 2012, 293,000 options in fiscal 2011, and 245,500 options in fiscal 2010 that could potentially dilute basic earnings per share that were excluded from the EPS calculation as they are anti-dilutive in the current year.