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Note 4 - Earnings Per Common Share | 9 Months Ended
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Mar. 31, 2018
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 |  |  | Nine Months Ended |
|  | March 31 |  |  | March 31 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
BASIC EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | 220 |  |  | $ | (531 | ) |  | $ | (16,877 | ) |  | $ | 2,304 |
Weighted average shares outstanding during the period, net of treasury shares (a) |  |  | 25,581 |  |  |  | 25,155 |  |  |  | 25,546 |  |  |  | 25,056 |
Weighted average vested restricted stock units outstanding |  |  | 49 |  |  |  | 37 |  |  |  | 44 |  |  |  | 37 |
Weighted average shares outstanding in the Deferred Compensation Plan during the period |  |  | 245 |  |  |  | 260 |  |  |  | 245 |  |  |  | 253 |
Weighted average shares outstanding |  |  | 25,875 |  |  |  | 25,452 |  |  |  | 25,835 |  |  |  | 25,346 |
Basic (loss) earnings per share |  | $ | 0.01 |  |  | $ | (0.02 | ) |  | $ | (0.65 | ) |  | $ | 0.09 |
DILUTED EARNINGS PER SHARE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | 220 |  |  | $ | (531 | ) |  | $ | (16,877 | ) |  | $ | 2,304 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 25,875 |  |  |  | 25,452 |  |  |  | 25,835 |  |  |  | 25,346 |
Effect of dilutive securities (b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any |  |  | 562 |  |  |  | -- |  |  |  | -- |  |  |  | 563 |
Weighted average shares outstanding (c) |  |  | 26,437 |  |  |  | 25,452 |  |  |  | 25,835 |  |  |  | 25,909 |
Diluted (loss) earnings per share |  | $ | 0.01 |  |  | $ | (0.02 | ) |  | $ | (0.65 | ) |  | $ | 0.09 |
| (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 1,945,348 common shares and 2,035,332 common shares for the three months ended March 31, 2018 and 2017, respectively, and options to purchase 3,086,121 common shares and 1,391,300 common shares for the nine months ended March 31, 2018 and 2017, respectively were not included in the computation of the three month and nine month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares. For the three months ended in March 31, 2017 and nine months ended March 31, 2018, the effect of dilutive securities was not included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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