EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 3 - EARNINGS PER SHARE

Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. All outstanding stock options and stock awards are considered anti-dilutive for all periods presented since the exercise prices exceed the average stock price for the period.

The components of basic and diluted earnings per share consisted of the following:

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2012		2011		2012		2011
Net Income for Basic Earnings Per Share	$	12,374,361	$	9,472,745	$	30,849,875	$	23,490,022
Basic Weighted Average Number of Shares		26,960,277		25,936,713		26,919,678		25,932,497
Net Income per Share – Basic		0.46		0.37		1.15		0.91
Shares contingently issuable related to Gufeng acquisition		—		455,206		—		452,699
Diluted Weighted Average Number of Shares		26,960,277		26,729,495		26,919,678		26,345,583
Net Income per Share – Diluted	$	0.46	$	0.35	$	1.15	$	0.89