Note 2 - Earnings Per Share

9 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

2.     EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding, par value $0.10 (“Common Stock”), of Mediware.  For the three and nine months ended March 31, 2012 and 2011, the dilutive effect of Common Stock equivalents is included in the calculation of diluted earnings per share using the treasury stock method.

Options to purchase 55,000 and 110,000 shares of common stock have been excluded from the weighted average shares in the three and nine months ended March 31, 2012, respectively, as their effect was antidilutive.  Options to purchase 217,000 and 371,000 shares of common stock have been excluded from the weighted average shares in the three and nine months ended March 31, 2011, respectively, as their effect was antidilutive.