Net Income Per Common Share

9 Months Ended

Mar. 31, 2013

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,
	2013		2012		2013		2012
Weighted average shares outstanding		26,956		26,558		27,108		26,634
Dilutive effect of stock options and restricted stock awards and units		386		189		377		236
Diluted weighted average shares outstanding		27,342		26,747		27,485		26,870

There were 566 and 1,571 common equivalent shares outstanding as of March 31, 2013 and 2012, respectively, that were not included in the calculation of diluted income per common share for the nine months ended March 31, 2013 and 2012, respectively, because their effect would have been anti-dilutive. There were 545 and 1,250 common equivalent shares outstanding as of March 31, 2013 and 2012, respectively, that were not included in the calculation of diluted income per common share for the three months ended March 31, 2013 and 2012, respectively, because their effect would have been anti-dilutive.