Net Income per Share

3 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Net Income per Share

Net Income per ShareThe following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:

	Three Months Ended September 30,
	2021		2020
Numerator:
Net income	$	10,527	$	5,753
Allocation of earnings to participating securities	(92)		(50)
Numerator for basic EPS - Net income available to common stockholders	$	10,435	$	5,703
Effect of dilutive securities:
Dilutive effect to participating securities	2		6
Numerator for diluted EPS	$	10,437	$	5,709
Denominator:
Weighted-average common shares outstanding - basic	15,761,247		16,230,990
Effect of dilutive shares	385,364		238,252
Weighted-average common shares outstanding - diluted	16,146,611		16,469,242
Net income per share - basic	$	0.66	$	0.35
Net income per share - diluted	$	0.65	$	0.35

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 446,250 stock options that were anti-dilutive for the three months ended September 30, 2021, respectively. There were 573,900 stock options that were anti-dilutive for the three months ended September 30, 2020, respectively.