2. E

arnings Per Share

A reconciliation of the basic and diluted earnings per share is as follows (in thousands, except per share amounts):

	Three months ended				Nine months ended
	March 31,				March 31,
	2016		2015		2016		2015

Weighted average common shares outstanding – basic		27,481		23,538		27,471		23,368
Dilutive effect of stock options and unvested restricted stock units		689		612		554		657
Weighted average common shares outstanding – diluted		28,170		24,150		28,025		24,025

Net income	$	5,239	$	8,592	$	23,220	$	25,182
Earnings per common share:
Diluted	$	0.19	$	0.36	$	0.83	$	1.05
Basic	$	0.19	$	0.37	$	0.85	$	1.08

There were no shares that were considered anti-dilutive for the three-month or nine-month periods ended March 31, 2016 or March 31, 2015.