Net Income Per Common Share

3 Months Ended

Dec. 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:

	Six months ended December 31,				Three months ended December 31,
	2012		2011		2012		2011
Weighted average shares outstanding		26,882		26,520		26,959		26,565
Dilutive effect of stock options and restricted stock awards and units		390		166		357		172
Diluted weighted average shares outstanding		27,272		26,686		27,316		26,737

There were 576 and 1,732 common equivalent shares outstanding as of December 31, 2012 and 2011, respectively, that were not included in the calculation of diluted income per common share for the six months ended December 31, 2012 and 2011, respectively, because their effect would have been anti-dilutive. There were 565 and 1,685 common equivalent shares outstanding as of December 31, 2012 and 2011, respectively, that were not included in the calculation of diluted income per common share for the three months ended December 31, 2012 and 2011, respectively, because their effect would have been anti-dilutive.