EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 3 - EARNINGS PER SHARE

Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. All outstanding stock options and stock awards are considered anti-dilutive for all periods presented since the exercise prices exceed the average stock price for the period.

The components of basic and diluted earnings per share consisted of the following:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2011		2010		2011		2010
Net Income for Basic Earnings Per Share	$	7,743,878	$	6,229,492	$	18,475,514	$	14,017,277
Basic Weighted Average Number of Shares		26,941,859		25,937,866		26,899,599		25,930,424
Net Income per Share – Basic		0.29		0.24		0.69		0.54
Shares contingently issuable related to Gufeng acquisition		—		455,206		—		452,699
Diluted Weighted Average Number of Shares		26,941,859		26,393,072		26,899,599		26,383,123
Net Income per Share – Diluted	$	0.29	$	0.24	$	0.69	$	0.53