Note 6 - Net Income Per Share

6 Months Ended

Dec. 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

six

months ended

December 31, 2019

and

2018

(in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	201 9		201 8		201 9		201 8
Weighted average shares outstanding: Basic		8,980		8,936		8,976		8,934
Dilutive effect of restricted shares		81		11		84		20
Weighted average shares outstanding: Diluted		9,061		8,947		9,060		8,954

There were

no

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

six

months ended

December 31, 2019

as compared to

23,000

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

six

months ended

December 31, 2018.

In addition, in the

six

months ended

December 31, 2019,

82,000

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

not

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