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Note 15. Earnings Per Share
 12 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Earnings per share are computed using the two-class common stock method due to the dividend preference of Class B Common Stock.  Basic earnings per share are based on the weighted average number of shares outstanding during the period. Diluted earnings per share are based on the weighted average number of shares outstanding plus the assumed issuance of common shares and related payment of assumed dividends for all potentially dilutive securities. Earnings per share of Class A and Class B Common Stock are as follows:
EARNINGS PER SHARE
 
 
 
 
 
 
 
Year Ended June 30, 2012
 
Year Ended June 30, 2011
 
Year Ended June 30, 2010
(Amounts in Thousands, Except for Per Share Data)
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
1,869

 
$
5,502

 
$
7,371

 
$
1,889

 
$
5,448

 
$
7,337

 
$
1,955

 
$
5,376

 
$
7,331

Less: Unvested Participating Dividends
—

 
—

 
—

 
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Dividends to Common Share Owners
1,869

 
5,502

 
7,371

 
1,889

 
5,448

 
7,337

 
1,946

 
5,376

 
7,322

Undistributed Earnings (Loss)
 

 
 

 
4,263

 
 

 
 

 
(2,415
)
 
 

 
 

 
3,472

Less: Earnings (Loss) Allocated to Participating Securities
 
 
 

 
—

 
 

 
 

 
—

 
 

 
 

 
(4
)
Undistributed Earnings (Loss) Allocated to Common
        Share Owners
1,169

 
3,094

 
4,263

 
(672
)
 
(1,743
)
 
(2,415
)
 
990

 
2,478

 
3,468

Income Available to Common Share Owners
$
3,038

 
$
8,596

 
$
11,634

 
$
1,217

 
$
3,705

 
$
4,922

 
$
2,936

 
$
7,854

 
$
10,790

Average Basic Common Shares Outstanding
10,387

 
27,494

 
37,881

 
10,493

 
27,233

 
37,726

 
10,694

 
26,765

 
37,459

Basic Earnings Per Share
$
0.29

 
$
0.31

 
 

 
$
0.12

 
$
0.14

 
 

 
$
0.27

 
$
0.29

 
 

Diluted Earnings Per Share:
 
 
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Dividends Declared and Assumed Dividends on Dilutive Shares
$
1,906

 
$
5,502

 
$
7,408

 
$
1,916

 
$
5,448

 
$
7,364

 
$
1,972

 
$
5,377

 
$
7,349

Less: Unvested Participating Dividends
—

 
—

 
—

 
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Dividends and Assumed Dividends to Common Share Owners
1,906

 
5,502

 
7,408

 
1,916

 
5,448

 
7,364

 
1,963

 
5,377

 
7,340

Undistributed Earnings (Loss)
 

 
 

 
4,226

 
 

 
 

 
(2,442
)
 
 

 
 

 
3,454

Less: Earnings (Loss) Allocated to Participating Securities
 
 
 

 
—

 
 

 
 

 
—

 
 

 
 

 
(4
)
Undistributed Earnings (Loss) Allocated to Common
        Share Owners
1,175

 
3,051

 
4,226

 
(686
)
 
(1,756
)
 
(2,442
)
 
991

 
2,459

 
3,450

Income Available to Common Share Owners
$
3,081

 
$
8,553

 
$
11,634

 
$
1,230

 
$
3,692

 
$
4,922

 
$
2,954

 
$
7,836

 
$
10,790

Average Diluted Common Shares Outstanding
10,593

 
27,494

 
38,087

 
10,639

 
27,234

 
37,873

 
10,791

 
26,770

 
37,561

Diluted Earnings Per Share
$
0.29

 
$
0.31

 
 

 
$
0.12

 
$
0.14

 
 

 
$
0.27

 
$
0.29

 
 

Reconciliation of Basic and Diluted EPS Calculations:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Income Used for Basic EPS Calculation
$
3,038

 
$
8,596

 
$
11,634

 
$
1,217

 
$
3,705

 
$
4,922

 
$
2,936

 
$
7,854

 
$
10,790

Assumed Dividends Payable on Dilutive Shares:
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Performance shares
37

 
—

 
37

 
27

 
—

 
27

 
17

 
1

 
18

Increase (Reduction) of Undistributed Earnings (Loss) -
      allocated based on Class A and Class B shares
6

 
(43
)
 
(37
)
 
(14
)
 
(13
)
 
(27
)
 
1

 
(19
)
 
(18
)
Income Used for Diluted EPS Calculation
$
3,081

 
$
8,553

 
$
11,634

 
$
1,230

 
$
3,692

 
$
4,922

 
$
2,954

 
$
7,836

 
$
10,790

Average Shares Outstanding for Basic
      EPS Calculation
10,387

 
27,494

 
37,881

 
10,493

 
27,233

 
37,726

 
10,694

 
26,765

 
37,459

Dilutive Effect of Average Outstanding:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Performance shares
206

 
—

 
206

 
146

 
1

 
147

 
97

 
5

 
102

Average Shares Outstanding for Diluted
      EPS Calculation
10,593

 
27,494

 
38,087

 
10,639

 
27,234

 
37,873

 
10,791

 
26,770

 
37,561



Included in dividends declared for the basic and diluted earnings per share computation for fiscal year 2010 are dividends computed and accrued on unvested Class A and Class B restricted share units, which were paid by a conversion to the equivalent value of common shares on the vesting date. Restricted share units held by retirement-age participants had a nonforfeitable right to dividends and were deducted from the above dividends and undistributed earnings figures allocable to common Share Owners. All restricted share units vested during fiscal year 2010.

In fiscal year 2012, 2011, and 2010, respectively, all 508,000, 625,000, and 693,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation.