NOTE

- EARNINGS PER COMMON SHARE

The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	March 31					March 31
	2018		2017			2018			2017

BASIC EARNINGS PER SHARE

Net (loss) income	$	220	$	(531	)	$	(16,877	)	$	2,304

Weighted average shares outstanding during the period, net of treasury shares (a)		25,581		25,155			25,546			25,056
Weighted average vested restricted stock units outstanding		49		37			44			37
Weighted average shares outstanding in the Deferred Compensation Plan during the period		245		260			245			253
Weighted average shares outstanding		25,875		25,452			25,835			25,346

Basic (loss) earnings per share	$	0.01	$	(0.02	)	$	(0.65	)	$	0.09

DILUTED EARNINGS PER SHARE

Net (loss) income	$	220	$	(531	)	$	(16,877	)	$	2,304

Weighted average shares outstanding

Basic		25,875		25,452			25,835			25,346

Effect of dilutive securities (b):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any		562		--			--			563

Weighted average shares outstanding (c)		26,437		25,452			25,835			25,909

Diluted (loss) earnings per share	$	0.01	$	(0.02	)	$	(0.65	)	$	0.09

(a)

Includes shares accounted for like treasury stock.

(b)

Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.

(c)

Options to purchase

1,945,348

common shares and

2,035,332

common shares for the

three

months ended

March 31, 2018

and

2017,

respectively, and options to purchase

3,086,121

common shares and

1,391,300

common shares for the

nine

months ended

March 31, 2018

and

2017,

respectively were

not

included in the computation of the

three

month and

nine

month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares. For the

three

months ended in

March 31, 2017

and

nine

months ended

March 31, 2018,

the effect of dilutive securities was

not

included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.