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Note 4 - Earnings Per Common Share | 9 Months Ended
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Mar. 31, 2016
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 4 - 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) :
|  | Three Months Ended March 31 |  |  | Nine Months Ended March 31 |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
BASIC EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 522 |  |  | $ | 393 |  |  | $ | 8,054 |  |  | $ | 3,508 |
Weighted average shares outstanding during the period, net of treasury shares (a) |  |  | 24,807 |  |  |  | 24,203 |  |  |  | 24,648 |  |  |  | 24,149 |
Weighted average vested restricted stock units outstanding |  |  | 22 |  |  |  | -- |  |  |  | 25 |  |  |  | -- |
Weighted average shares outstanding in the Deferred Compensation Plan during the period |  |  | 251 |  |  |  | 325 |  |  |  | 245 |  |  |  | 321 |
Weighted average shares outstanding |  |  | 25,080 |  |  |  | 24,528 |  |  |  | 24,918 |  |  |  | 24,470 |
Basic earnings per share |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.32 |  |  | $ | 0.14 |
DILUTED EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 522 |  |  | $ | 393 |  |  | $ | 8,054 |  |  | $ | 3,508 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 25,080 |  |  |  | 24,528 |  |  |  | 24,918 |  |  |  | 24,470 |
Effect of dilutive securities (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any |  |  | 620 |  |  |  | 115 |  |  |  | 576 |  |  |  | 80 |
Weighted average shares outstanding (c) |  |  | 25,700 |  |  |  | 24,643 |  |  |  | 25,494 |  |  |  | 24,550 |
Diluted earnings per share |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.32 |  |  | $ | 0.14 |
| (a) | Includes shares accounted for as treasury stock according to accounting standards.
| (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 1,032,250 common shares and 1,729,273 common shares at March 31, 2016 and 2015, respectively, and options to purchase 1,391,300 common shares and 2,272,823 common shares at March 31, 2016 and 2015, respectively, were not included in the computation of the three month and nine month periods for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.

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