NET INCOME PER SHARE

3 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 5. NET INCOME PER SHARE

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

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

	Three Months Ended September 30,
	2019		2018
Basic:
Net income	$	1,104	$	1,349
Weighted average shares outstanding		4,008		4,331
Basic earnings per share	$	0.28	$	0.31
Diluted:
Net income	$	1,104	$	1,349
Weighted average shares outstanding		4,008		4,331
Effect of dilutive securities		102		42
Weighted average shares used in calculation of diluted earnings per share		4,110		4,373
Diluted earnings per share	$	0.27	$	0.31