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Note 3 - Earnings Per Common Share | 12 Months Ended
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Jun. 30, 2016
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 3 — EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data):
(In thousands, except per share data) |  | 201 6 |  |  | 2015 |  |  | 2014 |
BASIC EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 9,482 |  |  | $ | 5,151 |  |  | $ | 930 |
Weighted average shares outstanding during the period, net of treasury shares (a) |  |  | 24,720 |  |  |  | 24,187 |  |  |  | 24,084 |
Weighted restricted stock units outstanding during the period |  |  | 24 |  |  |  | — |  |  |  | — |
Weighted average shares outstanding in the Deferred Compensation Plan during the period |  |  | 244 |  |  |  | 309 |  |  |  | 304 |
Weighted average shares outstanding |  |  | 24,988 |  |  |  | 24,496 |  |  |  | 24,388 |
Basic earnings per share |  | $ | 0.38 |  |  | $ | 0.21 |  |  | $ | 0.04 |
DILUTED EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 9,482 |  |  | $ | 5,151 |  |  | $ | 930 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 24,988 |  |  |  | 24,496 |  |  |  | 24,388 |
Effect of dilutive securities (b): |  |  |  |  |  |  |  |  |  |  |  |
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any |  |  | 604 |  |  |  | 142 |  |  |  | 158 |
Weighted average shares outstanding (c) |  |  | 25,592 |  |  |  | 24,638 |  |  |  | 24,546 |
Diluted earnings per share |  | $ | 0.37 |  |  | $ | 0.21 |  |  | $ | 0.04 |
(a) |  | Includes shares accounted for like treasury stock.
(b) |  | Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
(c) |  | Options to purchase 1,331,3 00 common shares, 1,882,722 common shares, and 1,974,775 common shares at June 30, 2016, 2015, and 2014, respectively, were not included in the computation of diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.

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