v2.4.0.6
Note 2 - Earnings Per Share (in thousands, except per share data)
6 Months Ended
Dec. 31, 2011
Note 2 - Earnings Per Share (in thousands, except per share data) Disclosure  
Note 2 - Earnings Per Share (in thousands, except per share data)
2.            Earnings Per Share (in thousands, except per share data)

A reconciliation of the basic and diluted earnings per share is as follows:

   
Three months ended
   
Six months ended
 
   
December 31,
   
December 31,
 
   
2011
   
2010
   
2011
   
2010
 
                         
Weighted average common shares outstanding – basic
    22,248       22,051       22,233       22,054  
Dilutive effect of stock options and unvested restricted stock units
    449       518       454       509  
Weighted average common shares outstanding – diluted
    22,697       22,569       22,687       22,563  
                                 
Net income
  $ 5,448     $ 2,858     $ 10,820     $ 7,279  
Earnings per common share
                               
Diluted
  $ 0.24     $ 0.13     $ 0.48     $ 0.32  
Basic
  $ 0.24     $ 0.13     $ 0.49     $ 0.33  

Certain shares of common stock were excluded from the computation of diluted earnings per share because the options exercise prices were greater than the average market price of the common shares, and therefore, the effect would be anti-dilutive. A summary of those options follows:

   
Three months ended
   
Six months ended
 
   
December 31,
   
December 31,
 
   
2011
   
2010
   
2011
   
2010
 
                         
Number of anti-dilutive shares
    811       5       813       125