Earnings Per Share

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

7. Earnings Per Share

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

	Year ended June 30
	2010		2011		2012
Numerator:
Net income	$	4,072	$	2,881	$	1,655
Denominator:
Denominator for basic earnings per share–weighted average shares		16,622		15,100		15,163
Effect of dilutive securities		927		986		830
Denominator for diluted earnings per share–adjusted weighted average shares and assumed conversion		17,549		16,086		15,993
Basic earnings per share	$	0.24	$	0.19	$	0.11
Diluted earnings per share	$	0.23	$	0.18	$	0.10

At June 30, 2010, 2011 and 2012 approximately 795,000, 751,000 and 389,000 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.