Net Income Per Common Share

9 Months Ended

Mar. 31, 2016

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:

	Nine Months Ended  March 31,				Three Months Ended  March 31,
	2016		2015		2016		2015
Weighted average shares outstanding		29,085		28,710		29,158		28,773
Dilutive effect of stock options and restricted stock awards and units		451		506		462		494
Diluted weighted average shares outstanding		29,536		29,216		29,620		29,267

The Convertible Senior Notes (see Note 5) will only be included in the dilutive net income per share calculations using the treasury stock method during periods in which the average market price of Aceto’s common stock is above the applicable conversion price of the Convertible Senior Notes, or $33.215 per share, and the impact would not be anti-dilutive.