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Earnings Per Share
 9 Months Ended
Mar. 31, 2012
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
March 31,		      Nine months ended
March 31,		  
     2012      2011      2012      2011  

Numerator:

            

Net income

    $ 519       $ 786       $ 1,208       $ 1,711   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Denominator for basic earnings per share - weighted average shares

      15,366         15,031         15,046         15,133   

Effect of dilutive securities

      632         1,005         845         894   
  

 

 

     

 

 

     

 

 

     

 

 

  

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

      15,998         16,036         15,891         16,027   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.03       $ 0.05       $ 0.08       $ 0.11   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.03       $ 0.05       $ 0.08       $ 0.11   
  

 

 

     

 

 

     

 

 

     

 

 

  

At March 31, 2012 and 2011 options representing approximately 372,500 and 744,800 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.