Note 6 - Net Income Per Share

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

6. NET INCOME PER SHARE

The following table presents the changes in the Company’s weighted average shares outstanding for the

three

and

nine

months ended

March 31, 2019

and

2018

(in thousands):

	Three Months Ended March 31,				Nine Months Ended March 31,
	201 9		201 8		201 9		201 8
Weighted average shares outstanding: Basic		8,938		8,703		8,936		8,651
Dilutive effect of restricted shares		28		199		22		204
Weighted average shares outstanding: Diluted		8,966		8,902		8,958		8,855

A total of

10,000

anti-dilutive unvested RSUs were excluded from the computation of diluted income per share at

March 31, 2019

as compared to

50,000

anti-dilutive unvested RSUs that were excluded from the computation at

March 31, 2018.

In addition, at

March 31, 2019,

120,000

of unvested PSUs were excluded from the computation of diluted income per share because we had

not

achieved the related performance goals required for the PSUs to vest.