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Note H - Stockholders' Equity | 12 Months Ended
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Jun. 30, 2017
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | H . Stockholders’ Equity Treasury Stock On June 2, 2011, the Board of Directors authorized the repurchase of up to $2.0 million of our common stock. On February 6, 2015, the Board of Directors authorized a $1.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $3.0 million. On May 11, 2015, the Board of Directors authorized a $2.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $5.0 million. On March 28, 2017, the Board of Directors authorized a $2.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $7.0 million. Under the repurchase plan, we may, from time to time, purchase shares of our common stock, depending upon market conditions, in open market or privately negotiated transactions. During the twelve months ended June 30, 2017, we purchased 39,547 shares at a weighted average cost of $ 8.74 per share and a total cost of $345,000 including commissions and fees. During the twelve months ended June 30, 2016, we purchased 52,603 shares at a weighted average cost of $6.26 per share and a total cost of $329,000 including commissions and fees. During fiscal 2017, we acquired 38,729 shares in connection with restricted stock shares that vested during that year at a weighted average cost of $9.47 per share and a total cost of $367,000 . During fiscal 2016 we acquired 27,195 shares from employees in connection with restricted stock shares that vested during the year at a weighted average cost of $11.70 per share and a total cost of $319,000 . These shares were returned to the Company by the related employees and in return the Company paid each employee’s required tax withholding. The valuation of the shares acquired and thereby the number of shares returned to the Company was calculated based on the closing share price on the date the shares vested. Stock Option Plans Effective as of October 15, 2009, our Board of Directors approved the 2009 Plan. The 2009 Plan was approved by our stockholders at the Annual Meeting of Stockholders held on November 30, 2009. Under the 2009 Plan, we may grant nonqualified and incentive stock options and other stock-based awards to employees, non-employee directors and consultants. Between October 15, 2009, and June 30, 2017, a total of 1.2 million shares of common stock have been authorized under the 2009 Plan for issuance to our employees, non-employee directors and consultants. As of June 30, 2017, there were 389,000 remaining shares available for grant under the 2009 Plan. Stock option activity for the year ended June 30, 2017 was as follows:
|  | 2009 Plan |  |  | Weighted Average Exercise Price |  |  | Weighted Average Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Vested and exercisable at June 30, 2016 |  |  | 140,000 |  |  | $ | 6.36 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2017 |  |  | 140,000 |  |  | $ | 6.36 |  |  |  | 3.58 |  |  | $ | 502,000 |
Vested and exercisable at June 30, 2017 |  |  | 140,000 |  |  | $ | 6.36 |  |  |  | 3.58 |  |  | $ | 502,000 |
Restricted stock activity for the year ended June 30, 2017 was as follows ( 2009 Plan):
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested at June 30, 2016 |  |  | 310,321 |  |  | $ | 8.43 |
Granted |  |  | 155,000 |  |  | $ | 8.82 |
Vested |  |  | (126,323 | ) |  | $ | 7.77 |
Forfeited |  |  | (8,333 | ) |  | $ | 9.96 |
Nonvested at June 30, 2017 |  |  | 330,665 |  |  | $ | 8.83 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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