Annual report pursuant to Section 13 and 15(d)

Note 9 - Earnings Per Share

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Note 9 - Earnings Per Share
12 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Earnings Per Share [Text Block]
(9)      Earnings per Share
 
The following table sets forth the calculation of weighted average shares for the fiscal years ended June 30 (in thousands):
 
   
2015
   
2014
   
2013
 
Weighted average common shares
outstanding for basic calculation
    28,874       28,918       28,864  
                         
Effect of dilutive stock options and other
share-based awards
    308       358       375  
                         
Weighted average common shares
outstanding adjusted for dilution calculation
    29,182       29,276       29,239  
 
Certain restricted stock awards and the potential exercise of certain stock options were excluded from the respective diluted earnings per share calculation because their impact is anti-dilutive. In 2015, 2014 and 2013, stock options and share based awards of 591,058, 724,292 and 877,100, respectively, have been excluded.