Net Income Per Common Share

9 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

(5)  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,
	2014		2013		2014		2013
Weighted average shares outstanding		27,888		26,956		28,087		27,108
Dilutive effect of stock options and restricted stock awards and units		582		386		519		377
Diluted weighted average shares outstanding		28,470		27,342		28,606		27,485

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