Nature of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2020

Nature of Business and Summary of Significant Accounting Policies

Schedule of intangible assets

Changes in intangible assets are as follows (in thousands):

	March 31, 2020						June 30, 2019
			Accumulated		Net book				Accumulated		Net book
	Cost		amortization		value		Cost		amortization		value
Customer relationships	$	9,800	$	(8,666)	$	1,134	$	9,800	$	(8,468)	$	1,332
Trade name		5,900		—		5,900		5,900		—		5,900
	$	15,700	$	(8,666)	$	7,034	$	15,700	$	(8,468)	$	7,232

Schedule of Earnings Per Share Reconciliation

The following provides a reconciliation of information used in calculating the per share amounts for the three months ended December 31 (in thousands, except per share data):

	Net Income				Weighted Average Shares		Net Income per Share
	2020		2019		2020	2019	2020		2019
Basic EPS	$	3,615	$	3,122	18,472	18,489	$	0.20	$	0.17
Effect of Dilutive Securities:
Stock Options		—		—	44	44		—		—
Diluted EPS	$	3,615	$	3,122	18,516	18,533	$	0.20	$	0.17

The following provides a reconciliation of information used in calculating the per share amounts for the nine months ended March 31 (in thousands, except per share data):

	Net Income				Weighted Average Shares		Net Income per Share
	2020		2019		2020	2019	2020		2019
Basic EPS	$	10,420	$	7,495	18,476	18,607	$	0.56	$	0.40
Effect of Dilutive Securities:
Stock Options		—		—	54	47		—		—
Diluted EPS	$	10,420	$	7,495	18,530	18,654	$	0.56	$	0.40