Earnings per Common Share (Notes)

9 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings per Common Share

Earnings per Common Share

Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares.

The computation of basic and diluted earnings per share is as follows:

	Three Months Ended				Nine Months Ended
	March 31, 2013		March 31, 2012		March 31, 2013		March 31, 2012
	(In thousands, except per share data)
Basic EPS:
Net income	$	6,521	$	4,862	$	16,641	$	15,402
Weighted average shares outstanding	26,039		25,723		25,921		25,982
Basic EPS	$	0.25	$	0.19	$	0.64	$	0.59
Diluted EPS:
Weighted average shares outstanding – basic	26,039		25,723		25,921		25,982
Dilutive stock options	112		91		71		80
Dilutive nonvested deferred shares	260		265		277		271
Diluted weighted average shares	26,411		26,079		26,269		26,333
Diluted EPS	$	0.25	$	0.19	$	0.63	$	0.58

The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS:

	Three Months Ended		Nine Months Ended
	March 31, 2013	March 31, 2012	March 31, 2013	March 31, 2012
	(In thousands)
Stock options	—	275	307	241
Nonvested deferred shares	—	15	1	1
Total antidilutive securities	—	290	308	242