Net Income Per Common Share

6 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

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,
	2013		2012		2013		2012
Weighted average shares outstanding		27,790		26,882		27,873		26,959
Dilutive effect of stock options and restricted stock awards and units		614		390		594		357
Diluted weighted average shares outstanding		28,404		27,272		28,467		27,316

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