Earnings Per Share

9 Months Ended

Mar. 31, 2015

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 nine and three months ended March 31, 2015 and 2014.

	Net Income		Weighted Average Number Of Shares Outstanding		Earnings per Share
Nine months ended March 31, 2015	$	5,370,000
Basic				4,217,447	$	1.27
Effect of dilutive stock options				30,610		(0.01	)
Diluted				4,248,057	$	1.26
Nine months ended March 31, 2014	$	4,975,000
Basic				4,203,350	$	1.18
Effect of dilutive stock options				36,307		(0.01	)
Diluted				4,239,657	$	1.17
Three months ended March 31, 2015	$	1,784,000
Basic				4,220,940	$	0.42
Effect of dilutive stock options				29,583		-
Diluted				4,250,523	$	0.42
Three months ended March 31, 2014	$	1,496,000
Basic				4,211,531	$	0.36
Effect of dilutive stock options				31,867		(0.01	)
Diluted				4,243,398	$	0.35