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Earnings Per Share
3 Months Ended
Sep. 30, 2012
Earnings Per Share [Text Block]

Note 2: Earnings Per Share


For the three months ended September 30, 2012 and 2011, outstanding stock options and restricted stock awards for 132,013 shares and 542,335 shares, respectively of the Company’s common stock were excluded from the calculation of diluted earnings per share because they were antidilutive.


The following table sets forth the reconciliation of basic weighted average shares outstanding and diluted weighted average shares outstanding for the periods presented:


 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 


 

 

 

2012

 

2011

 

 

 


 


 

Basic weighted average shares outstanding

 

 

18,341,320

 

 

17,799,754

 

Dilutive effect of stock options and restricted shares

 

 

705,784

 

 

553,627

 

 

 



 



 

Diluted weighted average shares outstanding

 

 

19,047,104

 

 

18,353,381