XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
6 Months Ended
Dec. 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. Dilutive potential common shares include outstanding stock options and stock awards.

 

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

 

    For the Three Months Ended December 31,     For the Six Months Ended December 31,  
    2012     2011     2012     2011  
Net Income for Basic Earnings Per Share   $ 8,241,328     $ 7,743,878     $ 17,102,728     $ 18,475,514  
Basic Weighted Average Number of Shares     27,651,920       26,941,860       27,561,556       26,899,599  
Net Income per Share – Basic   $ 0.30     $ 0.29     $ 0.62     $ 0.69  
Net Income for Diluted Earnings Per Share     8,241,328       7,743,878       17,102,728       18,475,514  
Diluted Weighted Average Number of Shares     27,651,920       26,941,860       27,561,556       26,899,599  
Net Income per Share – Diluted   $ 0.30     $ 0.29     $ 0.62     $ 0.69