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NET INCOME PER SHARE (Tables)
 9 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss)

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

 

 

Three Months Ended
March 31,

 

 

Nine Months Ended
March 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,213

 

 

$

732

 

 

$

3,567

 

 

$

3,260

 

Weighted average shares outstanding

 

 

3,871

 

 

 

4,143

 

 

 

3,944

 

 

 

4,224

 

Basic income per share

 

$

0.31

 

 

$

0.18

 

 

$

0.90

 

 

$

0.77

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,213

 

 

$

732

 

 

$

3,567

 

 

$

3,260

 

Weighted average shares outstanding

 

 

3,871

 

 

 

4,143

 

 

 

3,944

 

 

 

4,224

 

Effect of dilutive securities

 

 

128

 

 

 

114

 

 

 

127

 

 

 

114

 

Weighted average shares used in calculation of diluted earnings per share

 

 

3,999

 

 

 

4,257

 

 

 

4,071

 

 

 

4,338

 

Diluted income per share

 

$

0.30

 

 

$

0.17

 

 

$

0.88

 

 

$

0.75