XML 31 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 3 Months Ended
Sep. 30, 2013
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 8 - EARNINGS PER SHARE

Earnings per share are measured at two levels: basic per share and diluted per share. Basic per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to common stock options and restricted stock. In computing diluted earnings per share, the outstanding common stock options are considered dilutive using the treasury stock method. Vested restricted shares are included in basic common shares outstanding, and unvested restricted shares are included in the diluted common shares outstanding, if the effect is dilutive.

The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per-share data):

 
 
Three-Months Ended
 
 
 
September 30,
 
 
 
2013
  
2012
 
 
 
(Unaudited)
 
 
 
  
 
Net income (loss), as reported
 
$
122
  
$
(639
)
 
        
Weighted average common shares outstanding
  
15,343
   
15,209
 
Effect of dilutive stock options
  
23
   
-
 
Weighted average diluted common shares outstanding
  
15,366
   
15,209
 
 
        
Net income (loss) per common share
        
    Basic
 
$
0.01
  
$
(0.04
)
    Diluted
 
$
0.01
  
$
(0.04
)
 
        
 Employee stock options excluded from computation of dilutive income (loss) per share amounts because their  effect would be anti-dilutive
  
769
   
785