Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Share

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Note 9 - Earnings Per Share
9 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
(9)
Earnings Per Share
 
Basic and diluted earnings per share are calculated using the following weighted average share data (in thousands):
 
 
   
Three months ended
   
Nine months ended
 
   
March 31,
   
March 31,
 
   
2017
   
2016
   
2017
   
2016
 
Weighted average shares of common stock outstanding for basic calculation
   
27,691
     
27,827
     
27,694
     
28,181
 
Effect of dilutive stock options and other share-based awards
   
262
     
234
     
276
     
243
 
Weighted average shares of common stock outstanding adjusted for dilution calculation
   
27,953
     
28,061
     
27,970
     
28,424
 
 
As of
March
31,
2017
and
2016,
stock options to purchase
467,305
and
623,983
common shares, respectively, were excluded from the respective diluted earnings per share calculations because their impact was anti-dilutive.