Net Income per Share

3 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income per Share

Net Income per ShareThe 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:

	Three Months Ended September 30,
	2020		2019
Numerator:
Net income	$	5,753	$	8,804
Allocation of earnings to participating securities	(50)		(68)
Numerator for basic EPS - Net income available to common stockholders	$	5,703	$	8,736
Effect of dilutive securities:
Dilutive effect to participating securities	6		8
Numerator for diluted EPS	$	5,709	$	8,744
Denominator:
Weighted-average common shares outstanding - basic	16,230,990		17,097,647
Effect of dilutive shares	238,252		656,010
Weighted-average common shares outstanding - diluted	16,469,242		17,753,657
Net income per share - basic	$	0.35	$	0.51
Net income per share - diluted	$	0.35	$	0.49

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 573,900 stock options that were anti-dilutive for the three months ended September 30, 2020. There were 470,800 stock options that were anti-dilutive for the three months ended September 30, 2019, respectively.