Earnings Per Share

12 Months Ended

Jun. 30, 2018

Note 11.

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 years ended June 30, 2018 and 2017.

	2018		2017

Net Income	$	14,408,000	$	11,187,000
Weighted Average Shares – Basic		8,513,558		8,495,022
Effect of Dilutive Stock Options		21,351		18,107
Weighted Average Shares - Dilute		8,534,909		8,513,129

Earnings per share - Basic	$	1.69	$	1.32
Earnings per share - Diluted	$	1.69	$	1.31