Earnings per Common Share (Tables)

3 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended
	September 30, 2017		September 30, 2016
	(In thousands, except per share data)
Basic EPS:
Net income	$	3,824	$	9,342
Weighted average shares outstanding	26,655		26,387
Basic earnings per share	$	0.14	$	0.35
Diluted EPS:
Weighted average shares outstanding – basic	26,655		26,387
Dilutive stock options	10		50
Dilutive nonvested deferred shares	97		359
Diluted weighted average shares	26,762		26,796
Diluted earnings per share	$	0.14	$	0.35

Antidilutive Securities Excluded from the Calculation of Diluted EPS

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

	Three Months Ended
	September 30, 2017	September 30, 2016
	(In thousands)
Nonvested deferred shares	718	78