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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2017
EARNINGS PER SHARE  
EARNINGS PER SHARE

16. EARNINGS PER SHARE

 

The factors used in the earnings per share computation are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

2015

 

Net income

 

$

19,570

 

$

10,210

 

$

5,534

 

Weighted average common shares — basic

 

 

18,592,885

 

 

17,849,319

 

 

11,139,000

 

Dilutive effect of assumed exercises of stock options

 

 

4,488

 

 

50,775

 

 

57,126

 

Dilutive effect of assumed restricted share awards\units

 

 

23,335

 

 

268,853

 

 

 —

 

Dilutive effect of assumed exercises of common stock warrant

 

 

 —

 

 

88,060

 

 

666,573

 

Weighted average outstanding shares — diluted

 

 

18,620,708

 

 

18,257,007

 

 

11,862,699

 

Basic earnings per share

 

$

1.05

 

$

0.57

 

$

0.50

 

Diluted earnings per share

 

$

1.05

 

$

0.56

 

$

0.47

 

 

For the year ended June 30 2017 and June 30, 2016, stock options for 91,980 and 124,020 shares of common stock, respectively, were not considered in computing diluted earnings per share because they were anti-dilutive. There were no anti-dilutive options or warrant shares excluded from the dilutive shares outstanding for the year ended June 30, 2015.