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Earnings Per Share
 6 Months Ended
Dec. 31, 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
December 31,		      Six months ended
December  31,		  
     2012      2011      2012      2011  

Numerator:

            

Net income

    $ 445       $ 506       $ 891       $ 689   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Denominator for basic earnings per share - weighted average shares

      15,824         14,899         15,733         14,887   

Effect of dilutive securities

      923         1,252         848         1,324   
  

 

 

     

 

 

     

 

 

     

 

 

  

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

      16,747         16,151         16,581         16,211   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.03       $ 0.03       $ 0.06       $ 0.05   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.03       $ 0.03       $ 0.05       $ 0.04   
  

 

 

     

 

 

     

 

 

     

 

 

  

At December 31, 2012 and 2011 options representing approximately 107,000 and 376,000 shares, respectively, were not included in the diluted earnings per share calculation since the shares are anti-dilutive.