Note 14 - Earnings Per Share

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

14) 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
	September 30,
	2019		2018
Basic - Average shares outstanding		12,345		12,716
Dilutive effect of unvested, restricted stock awards		58		92
Diluted - Average shares outstanding		12,403		12,808

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 months ended September 30, 2019 and 2018, respectively.

Performance stock units of 86,806 and 80,073 for the three months ended September 30, 2019 and 2018, respectively, are excluded from the diluted earnings per share calculation as the performance criteria have not been met.