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NET INCOME PER SHARE (Tables) | 12 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Schedule of weighted average shares outstanding calculation of basic and diluted per share | The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2019 and 2018 is as follows (in thousands, except per share data):
|  | Years Ended June 30, |
|  | 2019 |  |  | 2018 |
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 4,148 |  |  | $ | 1,621 |
Weighted average shares outstanding |  |  | 4,192 |  |  |  | 4,305 |
Basic earnings per share |  | $ | 0.99 |  |  | $ | 0.38 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 4,148 |  |  | $ | 1,621 |
Weighted average shares outstanding |  |  | 4,192 |  |  |  | 4,305 |
Effect of dilutive securities – stock options & performance awards |  |  | 106 |  |  |  | 40 |
Weighted average shares used in calculation of diluted earnings per share |  |  | 4,298 |  |  |  | 4,345 |
Diluted earnings per share |  | $ | 0.97 |  |  | $ | 0.37

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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