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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

15. EARNINGS PER SHARE

The factors used in the earnings per share computation are as follows:

 

 

 

2019

 

 

2018

 

 

2017

 

Net income

 

$

21,354

 

 

$

39,653

 

 

$

19,570

 

Weighted average common shares — basic

 

 

18,653,892

 

 

 

18,619,793

 

 

 

18,592,885

 

Dilutive effect of assumed exercises of stock options

 

 

45,799

 

 

 

38,835

 

 

 

4,488

 

Dilutive effect of assumed restricted share awards/units

 

 

68,516

 

 

 

55,904

 

 

 

23,335

 

Weighted average outstanding shares — diluted

 

 

18,768,207

 

 

 

18,714,531

 

 

 

18,620,708

 

Basic earnings per share

 

$

1.14

 

 

$

2.13

 

 

$

1.05

 

Diluted earnings per share

 

$

1.14

 

 

$

2.12

 

 

$

1.05

 

 

The calculation of dilutive earnings per share for the years ended June 30, 2019, 2018, and 2017, exclude 10,681, 25,908, and 100,247 potentially dilutive stock options and restricted share awards/units which had the effect of being anti-dilutive.