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INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2016
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]
NOTE 8. INTANGIBLE ASSETS

Intangible assets consist of the following:

   
June 30,
  
(dollars in thousands)
  
2016
    
2015
  
Intangible asset - Non-compete agreement
            
Gross carrying amount
  
$
90
    
$
90
  
Accumulated amortization
    
(90
)
    
(49
)
Net carrying amount
  
$
-
    
$
41
  

The non-compete agreement included as an intangible asset was acquired effective June 1, 2014, in connection with the acquisition of Galileo. This finite-lived identifiable intangible asset was amortized on a straight-line basis over its estimated useful life.

Amortization expense totaled $41,000; $45,000; and $4,000 in fiscal years 2016, 2015, and 2014, respectively. Amortization expense is included in depreciation and amortization on the Consolidated Statements of Operations.