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 | | Six Months Ended | | December 31,
2018 | | December 31,
2017 | | December 31,
2018 | | December 31,
2017 | | (In thousands, except per share data) | Basic EPS: | | | | | | | | Net income | $ | 3,932 |
| | $ | 4,532 |
| | $ | 6,237 |
| | $ | 8,356 |
| Weighted average shares outstanding | 27,043 |
| | 26,771 |
| | 26,982 |
| | 26,713 |
| Basic earnings per share | $ | 0.15 |
| | $ | 0.17 |
| | $ | 0.23 |
| | $ | 0.31 |
| Diluted EPS: |
| |
| |
| |
| Weighted average shares outstanding – basic | 27,043 |
| | 26,771 |
| | 26,982 |
| | 26,713 |
| Dilutive stock options | 27 |
| | 34 |
| | 29 |
| | 24 |
| Dilutive nonvested deferred shares | 512 |
| | 273 |
| | 617 |
| | 196 |
| Diluted weighted average shares | 27,582 |
| | 27,078 |
| | 27,628 |
| | 26,933 |
| Diluted earnings per share | $ | 0.14 |
| | $ | 0.17 |
| | $ | 0.23 |
| | $ | 0.31 |
|
The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS: | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | December 31,
2018 | | December 31,
2017 | | December 31,
2018 | | December 31,
2017 | | (In thousands) | Nonvested deferred shares | 1,543 |
| | 342 |
| | 1,458 |
| | 442 |
|
|