Net Income Per Share

3 Months Ended

Sep. 30, 2012

Net Income Per Share [Abstract]

Net Income Per Share

NOTE 3. NET INCOME PER SHARE

     Basic net income per share is computed by dividing the net income by the weighted average number of shares of the Company's outstanding common stock, $.01 par value per share ("Common Stock"). The calculation of net income per diluted share is similar to basic net income per share except that the denominator includes potentially dilutive Common Stock equivalents, such as stock options and non-vested restricted stock or restricted stock units.

The following table represents the computation of net income per share:

(Amounts in thousands, except per share data)		Three Months Ended
		September 30,	September 30,
		2012		2011
Basic
Net income	$	2,184	$	9,232
Weighted average shares outstanding		29,417		28,746
Net income per basic share	$	0.07	$	0.32
Diluted
Net income	$	2,184	$	9,232
Weighted average shares outstanding		29,417		28,746
Potential common shares - treasury method		952		1,045
Weighted average shares and potential dilutive shares		30,369		29,791
Net income per diluted share	$	0.07	$	0.31

The following table shows the number of Common Stock equivalents for the three months ended September 30, 2012 and 2011 that were not included in the diluted net income per share calculation because to do so would have been anti-dilutive:

(Amounts in thousands)	Three Months Ended
	September 30,	September 30,
	2012	2011
Number of shares	73	145