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, 2018
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,
 
   
2018
   
2017
   
2018
   
2017
 
Weighted average shares of common stock outstanding for basic calculation
   
27,476
     
27,691
     
27,469
     
27,694
 
Effect of dilutive stock options and other share-based awards
   
216
     
262
     
256
     
276
 
Weighted average shares of common stock outstanding adjusted for dilution calculation
   
27,692
     
27,953
     
27,725
     
27,970
 
 
 
As of
March 31, 2018
and
2017,
stock options to purchase
302,655
and
467,305
common shares, respectively, were excluded from the respective diluted earnings per share calculations because their impact was anti-dilutive.