Net Income Per Share

3 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following table sets forth the computation of basic and diluted income per share:

	Three Months Ended September 30,
	2015		2014
Numerator
Net income available to common shareholders	$	2,923,652	$	960,435
Denominator
Weighted average number of common shares — Basic	32,718,244		32,682,401
Effect of dilutive securities:
Contingent restricted stock grants	6,788		1,552
Stock options	49,144		142,297
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,774,176		32,826,250
Net income per common share — Basic	$	0.09	$	0.03
Net income per common share — Diluted	$	0.09	$	0.03

Outstanding potentially dilutive securities as of September 30, 2015 were as follows:

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price		At September 30, 2015
Contingent Restricted Stock grants	$	—	17,961
Stock Options	2.40		85,231
	$	1.98	103,192

Outstanding potentially dilutive securities as of September 30, 2014 were as follows:

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price		At September 30, 2014
Contingent Restricted Stock grants	$	—	17,961
Stock Options	2.08		178,061
	$	1.89	196,022