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Earnings Per Share
 3 Months Ended
Sep. 30, 2012
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
September 30,		  
     2012      2011  

Numerator:

      

Net income

    $ 446       $ 183   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share – weighted average shares

      15,642         14,876   

Effect of dilutive securities

      928         1,236   
  

 

 

     

 

 

  

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

      16,570         16,112   
  

 

 

     

 

 

  

Basic earnings per share

    $ 0.03       $ 0.01   
  

 

 

     

 

 

  

Diluted earnings per share

    $ 0.03       $ 0.01   
  

 

 

     

 

 

  

At September 30, 2012 and 2011 approximately 62,500 and 363,000 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.