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
	September 30
	2018		2017

BASIC EARNINGS (LOSS) PER SHARE

Net income (loss)	$	1,749	$	(15,629	)

Weighted average shares outstanding, net of treasury shares (a)		25,752		25,505
Weighted average vested restricted stock units outstanding		53		41
Weighted average shares outstanding in the Deferred Compensation Plan		227		245

Weighted average shares outstanding		26,032		25,791

Basic earnings (loss) per share	$	0.07	$	(0.61	)

DILUTED EARNINGS (LOSS) PER SHARE

Net income (loss)	$	1,749	$	(15,629	)

Weighted average shares outstanding

Basic		26,032		25,791

Effect of dilutive securities (b):
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any		333		--

Weighted average shares outstanding (c)		26,365		25,791

Diluted earnings (loss) per share	$	0.07	$	(0.61	)

(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

3,146,466

common shares and

3,791,936

common shares at

September 30, 2018

and

2017,

respectively, were

not

included in the computation of the

three

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

three

months ended

September 30, 2017,

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.