EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2014

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 March 31,				For the Nine Months Ended March 31,
	2014		2013		2014		2013
Net Income for Basic Earnings Per Share	$	7,209,131	$	13,410,659	$	21,263,325	$	30,513,387
Basic Weighted Average Number of Shares		31,825,562		27,939,780		31,201,076		27,682,345
Net Income per Share – Basic	$	0.23	$	0.48	$	0.68	$	1.10
Net Income for Diluted Earnings Per Share	$	7,209,131	$	13,410,659	$	21,263,325	$	30,513,387
Diluted Weighted Average Number of Shares		31,825,562		27,939,780		31,201,076		27,682,345
Net Income per Share – Diluted	$	0.23	$	0.48	$	0.68	$	1.10