v2.4.0.6
Note 2 - Earnings Per Share (in thousands, except per share data)
6 Months Ended
Dec. 31, 2012
Earnings Per Share [Text Block]
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,
 
   
2012
   
2011
   
2012
   
2011
 
                         
Weighted average common shares outstanding – basic
    22,587       22,248       22,485       22,233  
Dilutive effect of stock options and unvested restricted stock units
    661       449       729       454  
Weighted average common shares outstanding – diluted
    23,248       22,697       23,214       22,687  
                                 
Net income
    $7,380       $5,455       $15,641       $10,913  
Earnings per common share
                               
Diluted
    $0.32       $0.24       $0.67       $0.48  
Basic
    $0.33       $0.25       $0.70       $0.49  
                                 

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,
 
   
2012
   
2011
   
2012
   
2011
 
                         
Number of anti-dilutive shares
    74       811       81       813