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Earnings Per Share
9 Months Ended
Mar. 31, 2013
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 nine months ended March 31, 2013 and 2012. 

 

 

 

 

 

 

 

 

Net Income

Weighted Average Number Of Shares Outstanding

Earnings per Share

 

 

 

 

Nine months ended March 31, 2013

$4,970,000

 

 

  Basic

 

4,185,707 

$           1.19

  Effect of dilutive stock options  

 

39,107 
(0.01)

  Diluted

 

4,224,814 

$           1.18

 

 

 

 

 

 

 

 

Nine months ended March 31, 2012

$4,487,000

 

 

  Basic

 

4,150,978 

$           1.08

  Effect of dilutive stock options  

 

41,589 
(0.01)

  Diluted

 

4,192,567 

$           1.07

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

Weighted Average Number Of Shares Outstanding

Earnings per Share

 

 

 

 

Three months ended March 31, 2013

$1,537,000

 

 

  Basic

 

4,187,671 

$           0.37

  Effect of dilutive stock options  

 

39,495 
(0.01)

  Diluted

 

4,227,166 

$           0.36

 

 

 

 

 

 

 

 

Three months ended March 31, 2012

$1,483,000

 

 

  Basic

 

4,159,093 

$           0.36

  Effect of dilutive stock options  

 

38,337 
(0.01)

  Diluted

 

4,197,430 

$           0.35