Note 14 - Earnings Per Share

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

1

4

)     

Earnings Per Share

The following table sets forth a reconciliation of the number of shares (in thousands) used in the computation of basic and diluted earnings per share:

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	201 9		201 8		201 9		201 8
Basic - Average shares outstanding		12,530		12,709		12,626		12,695
Dilutive effect of unvested, restricted stock awards		44		88		61		89
Diluted - Average shares outstanding		12,574		12,797		12,687		12,784

Earnings available to common stockholders are the same for computing both basic and diluted earnings per share. There were

not

any anti-dilutive potential common shares excluded from the calculation above for the

three

and

nine

months ended

March 31, 2019

and

2018,

respectively.

Performance stock units of

68,933

and

51,270

for the

nine

months ended

March 31, 2019

and

2018,

respectively, are excluded from the diluted earnings per share calculation as the performance criteria have

not

been met.