Net Income Per Common Share

9 Months Ended

Mar. 31, 2012

Net Income Per Common Share

(4)  Net Income Per Common Share

Basic income per common share is based on the weighted average number of common shares outstanding during the period.  Diluted income per common share includes the dilutive effect of potential common shares outstanding.  The following table sets forth the reconciliation of weighted average shares outstanding and diluted weighted average shares outstanding:

	Nine months ended March 31,				Three months ended March 31,
	2012		2011		2012		2011
Weighted average shares outstanding		26,558		25,718		26,634		26,468
Dilutive effect of stock options and restricted stock awards and units		189		200		236		195
Diluted weighted average shares outstanding		26,747		25,918		26,870		26,663

There were 1,571 and 1,450 common equivalent shares outstanding as of March 31, 2012 and 2011, respectively, that were not included in the calculation of diluted income per common share for the nine months ended March 31, 2012 and 2011, respectively, because their effect would have been anti-dilutive. There were 1,250 and 1,206 common equivalent shares outstanding as of March 31, 2012 and 2011, respectively, that were not included in the calculation of diluted income per common share for the three months ended March 31, 2012 and 2011, respectively, because their effect would have been anti-dilutive.