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Earnings Per Share
 6 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share

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
December 31,		      Six months ended
December 31,		  
     2011      2010      2011      2010  

Numerator:

            

Net income

    $ 506       $ 422       $ 689       $ 925   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Denominator for basic earnings per share - weighted average shares

      14,899         14,989         14,887         15,183   

Effect of dilutive securities

      1,252         905         1,324         841   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions

      16,151         15,894         16,211         16,024   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.03       $ 0.03       $ 0.05       $ 0.06   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.03       $ 0.03       $ 0.04       $ 0.06   
  

 

 

     

 

 

     

 

 

     

 

 

  

As of the six months ended December 31, 2011 and 2010 options representing approximately 376,000 and 853,000 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.