Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Earnings Per Share

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Note 7 - Earnings Per Share
9 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
7.
Earnings
Per
Share:
 
Shares used in the earnings per share computations are as follows (in thousands):
 
 
 
Quarter
Ended
 
 
Nine Months
Ended
 
 
 
March 31,
 
 
March 31,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Weighted average common shares outstanding-basic
   
37,320
     
37,196
     
37,303
     
37,185
 
Dilutive effect of stock options and restricted stock units
   
174
     
103
     
183
     
122
 
Weighted average common shares outstanding-diluted
   
37,494
     
37,299
     
37,486
     
37,307
 
 
The dilutive effect of stock options and restricted stock units in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was
2
.0
million and
876,000
for the quarter ended
March
31,
2017
and
2016,
respectively. The number of potentially dilutive option shares excluded from the calculation was 
1
.9
million and
800,000
for the
nine
months ended
March
31,
2017
and
2016,
respectively.