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Net Income per Share
 12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Income per Share
Net Income per Share
The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:
 
June 30,
 
2020
 
2019
 
2018
Numerator:
 
 
 
 
 
Net income
$
22,783

 
$
27,146

 
$
8,235

Allocation of earnings to participating securities
(194
)
 
(189
)
 
(60
)
Numerator for basic EPS - Net income available to common stockholders
$
22,589

 
$
26,957

 
$
8,175

Effect of dilutive securities:
 
 
 
 
 
Dilutive effect to participating securities
6

 
7

 
2

Numerator for diluted EPS
$
22,595

 
$
26,964

 
$
8,177

Denominator:
 
 
 
 
 
Weighted-average common shares outstanding - basic
16,729,056

 
17,692,493

 
18,028,854

Effect of dilutive shares
563,183

 
700,691

 
697,577

Weighted-average common shares outstanding - diluted
17,292,239

 
18,393,184

 
18,726,431

Net income per share - basic
$
1.34

 
$
1.52

 
$
0.45

Net income per share - diluted
$
1.30

 
$
1.46

 
$
0.44


There were 511,800 and 455,800 outstanding stock options that were anti-dilutive as of June 30, 2020 and 2019, respectively.