Earnings Per Share

6 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

(7)Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no anti-dilutive securities or contracts outstanding during the three and six months ended December 31, 2012 and 2011.

		Weighted Average Number
	Net Income	Of Shares Outstanding	Earnings per Share
Six months ended
December 31, 2012	$3,433,000
Basic		4,184,747	$0.82
Effect of dilutive stock options		38,582	(0.01)
Diluted		4,223,329	$0.81
Six months ended
December 31, 2011	$3,004,000
Basic		4,146,965	$0.72
Effect of dilutive stock options		43,222	(0.00)
Diluted		4,190,187	$0.72

		Weighted Average Number
	Net Income	Of Shares Outstanding	Earnings per Share
Three months ended
December 31, 2012	$1,669,000
Basic		4,185,562	$0.40
Effect of dilutive stock options		40,184	(0.01)
Diluted		4,225,746	$0.39
Three months ended
December 31, 2011	$1,495,000
Basic		4,148,102	$0.36
Effect of dilutive stock options		42,109	(0.00)
Diluted		4,190,211	$0.36