NET INCOME (LOSS) PER SHARE

3 Months Ended

Sep. 30, 2018

Basic and diluted income per share:

NET INCOME (LOSS) PER SHARE

NOTE 5. NET INCOME (LOSS) PER SHARE

The Company calculates basic net income (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted income (loss) per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options.

The following table presents reconciliations of the numerators and denominators of the basic and diluted income (loss) per share computations. In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

	Three Months Ended September 30,
	2018		2017
Basic:
Net income	$	1,349	$	628
Weighted average shares outstanding		4,331		4,150
Basic earnings per share	$	0.31	$	0.15
Diluted:
Net income	$	1,349	$	628
Weighted average shares outstanding		4,331		4,150
Effect of dilutive securities – stock options		42		40
Weighted average shares used in calculation of diluted earnings per share		4,373		4,190
Diluted earnings per share	$	0.31	$	0.15