Net Income Per Common Share

3 Months Ended

Sep. 30, 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:

	Three months Ended September 30,
	2016		2015
Weighted average shares outstanding		29,518		28,983
Dilutive effect of stock options and restricted stock awards and units		322		409
Diluted weighted average shares outstanding		29,840		29,392

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.