Earnings Per Share

3 Months Ended

Sep. 30, 2011

2. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three months ended September 30,
	2011		2010
Numerator:
Net income	$	183	$	503


Denominator:
Denominator for basic earnings per share - weighted average shares		14,876		15,376
Effect of dilutive securities		1,236		832

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions		16,112		16,208


Basic earnings per share	$	0.01	$	0.03


Diluted earnings per share	$	0.01	$	0.03

At September 30, 2011 and 2010 approximately 363,000 and 804,000 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.