v2.4.0.8
Note 2 - Earnings Per Share
 3 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
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

September 30,

 
   

2013

   

2012

 

Weighted average common shares outstanding – basic

    22,930       22,383  

Dilutive effect of stock options and unvested restricted stock units

    732       802  

Weighted average common shares outstanding – diluted

    23,662       23,185  
                 

Net income

  $ 6,566     $ 8,262  

Earnings per common share

               

Basic

  $ 0.29     $ 0.37  

Diluted

  $ 0.28     $ 0.36  

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

September 30,

 
   

2013

   

2012

 
                 

Number of anti-dilutive shares

    ---       90