XML 30 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 6 Months Ended
Dec. 31, 2013
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,
 
 
 
2013
 
2012
 
2013
 
2012
 
Net Income for Basic Earnings Per Share
 
$
3,675,737
 
$
8,241,328
 
$
14,054,194
 
$
17,102,728
 
Basic Weighted Average Number of Shares
 
 
31,817,515
 
 
27,651,919
 
 
30,895,621
 
 
27,561,556
 
Net Income per Share – Basic
 
$
0.12
 
$
0.30
 
$
0.45
 
$
0.62
 
Net Income for Diluted Earnings Per Share
 
 
3,675,737
 
 
8,241,328
 
 
14,054,194
 
 
17,102,728
 
Diluted Weighted Average Number of Shares
 
 
31,817,515
 
 
27,651,919
 
 
30,895,621
 
 
27,561,556
 
Net Income per Share – Diluted
 
$
0.12
 
$
0.30
 
$
0.45
 
$
0.62