Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Earnings Per Share

v2.4.0.6
Note 12 - Earnings Per Share
 9 Months Ended
Mar. 31, 2012
Earnings Per Share [Text Block]
(12)   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,
 
   
2012
   
2011
   
2012
   
2011
 
Weighted average common shares outstanding for basic calculation
    28,857       28,751       28,813       28,753  
Effect of dilutive stock options and other share-based awards
    379       236       272       200  
Weighted average common shares outstanding adjusted for dilution calculation
    29,236       28,987       29,085       28,953  

As of March 31, 2012 and 2011, stock options to purchase 1,540,000 and 1,711,771 common shares, respectively, were excluded from the respective diluted earnings per share calculation because their impact was anti-dilutive.