Earnings per Common Share (Notes)

6 Months Ended

Dec. 31, 2012

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				Six Months Ended
	December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
	(In thousands, except per share data)
Basic EPS:
Net income	$	5,436	$	7,031	$	10,120	$	10,540
Weighted average shares outstanding	25,939		25,819		25,863		26,110
Basic EPS	$	0.21	$	0.27	$	0.39	$	0.40
Diluted EPS:
Weighted average shares outstanding – basic	25,939		25,819		25,863		26,110
Dilutive stock options	59		64		65		76
Dilutive nonvested deferred shares	206		228		244		234
Diluted weighted average shares	26,204		26,111		26,172		26,420
Diluted EPS	$	0.21	$	0.27	$	0.39	$	0.40

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

	Three Months Ended		Six Months Ended
	December 31, 2012	December 31, 2011	December 31, 2012	December 31, 2011
	(In thousands)
Stock options	327	242	327	173
Nonvested deferred shares	71	41	36	40
Total antidilutive securities	398	283	363	213