XML 36 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

EARNINGS PER SHARE | 3 Months Ended
--- | ---
Sep. 30, 2013
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 8. EARNINGS PER SHARE The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS:
|  | Three Months Ended September 30, |
|  | 2013 |  |  | 2012 |
Income (loss) from continuing operations |  | $ | (8,768 | ) |  | $ | 93,039 |
Loss from discontinued operations |  |  | (28,645 | ) |  |  | (44,239 | )
Net income (loss) |  | $ | (37,413 | ) |  | $ | 48,800 |
Weighted average number of outstanding shares |  |  |  |  |  |  |  |
Basic |  |  | 15,471,268 |  |  |  | 15,475,887 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee stock options |  |  | - |  |  |  | - |
Diluted |  |  | 15,471,268 |  |  |  | 15,475,887 |
Earnings (loss) per share |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.00 |  |  | $ | 0.00 |
Loss from discontinued operations |  | $ | 0.00 |  |  | $ | 0.00 |
Net income (loss) |  | $ | 0.00 |  |  | $ | 0.00 |
Diluted: |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.00 |  |  | $ | 0.00 |
Loss from discontinued operations |  | $ | 0.00 |  |  | $ | 0.00 |
Net income (loss) |  | $ | 0.00 |  |  | $ | 0.00 |
The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the three months ended September 30, 2013 and 2012, 29,000 options were excluded from diluted EPS, respectively. The Company may repurchase stock from employees. The Company made no repurchases of shares of its class B, or class C common stock during the three months ended September 30, 2013. During the three months ended September 30, 2013, the Company repurchased 13,219 class A shares on the open market using cash of $37,209. The Company did not repurchase any shares of its class A common stock on the open market during the same period in fiscal year 2013. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration