Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Share

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Note 9 - Earnings Per Share
3 Months Ended
Sep. 30, 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
 
   
September 30,
 
   
2017
   
2016
 
Weighted average shares of common stock outstanding for basic calculation
   
27,459
     
27,725
 
                 
Effect of dilutive stock options and other share-based awards
   
297
     
287
 
                 
Weighted average shares of common stock outstanding adjusted for dilution calculation
   
27,756
     
28,012
 
 
 
As of
September 30, 2017
and
2016,
stock options to purchase
337,761
and
492,565
common shares, respectively, were excluded from the respective diluted earnings per share calculations because their impact was anti-dilutive.