Earnings Per Share
|9 Months Ended|
Mar. 31, 2018
|Earnings Per Share [Abstract]|
|Earnings Per Share||
Note (4) - Earnings Per Share: The Company computes earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of the Company’s common stock subject to unvested restricted stock awards are considered participating securities because these awards contain a non-forfeitable right to cash dividends paid prior to forfeiture of the restricted stock, if any, irrespective of whether the awards ultimately vest. Basic and diluted earnings per share for the three and nine months ended March 31, 2018 and 2017 are computed as follows (in thousands, except per share data):
At March 31, 2018 and 2017, other than the restricted common stock discussed above, there were no potentially dilutive securities outstanding.
The entire disclosure for earnings per share.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef