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Note 14 - Shareholders' Equity | 12 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] |
( 14 ) | Shareholders’ Equity
Shares Authorized for Issuance Our authorized capital stock consists of 150,000,000 shares of common stock, par value $0.01 per share, and 1,055,000 shares of Preferred Stock, par value $0.01 per share. The Board of Directors may provide for the issuance of all or any shares of Preferred Stock in one or more classes or series, and to fix for each such class or series such voting powers, full or limited, or no voting powers, and such distinctive designations, preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated and expressed in the resolution or resolutions adopted by the Board of Directors providing for the issuance of such class or series and as may be permitted by the General Corporation Law of the State of Delaware. As of June 30, 2019 and 2018, there were no shares of Preferred Stock issued or outstanding. Share Repurchase Program At June 30, 2019, we had a remaining Board authorization to repurchase 2,518,046 shares of our common stock pursuant to our program. There is no expiration date on the repurchase authorization and the amount and timing of future share repurchases, if any, will be determined as market and business conditions warrant. During the past three fiscal years, we repurchased the following shares of our common stock (trade date basis) under our existing share repurchase program:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Common shares repurchased |  |  | - |  |  |  | 950,484 |  |  |  | 357,363 |
Cost to repurchase common shares |  | $ | - |  |  | $ | 22,019,381 |  |  | $ | 10,246,302 |
Average price per share |  | $ | - |  |  | $ | 23.17 |  |  | $ | 28.67 |
For the fiscal years presented above, we funded our purchases of treasury stock with existing cash on hand, cash generated through current period operations and our credit facility. All our common stock repurchases are recorded as treasury stock and result in a reduction of shareholders’ equity.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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