EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2013

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. Dilutive potential common shares include outstanding stock options and stock awards.

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

	For the Three Months Ended September 30,
	2013		2012
Net Income for Basic Earnings Per Share	$	10,378,457	$	8,861,400
Basic Weighted Average Number of Shares		29,973,726		27,462,578
Net Income per Share – Basic	$	0.35	$	0.32
Net Income for Diluted Earnings Per Share		10,378,457		8,861,400
Diluted Weighted Average Number of Shares		29,973,726		27,462,578
Net Income per Share – Diluted	$	0.35	$	0.32