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Note I - Stockholders' Equity | 12 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | I. Stockholders’ Equity Treasury Stock On September 18, 2020, the Board of Directors authorized a $2.0 million increase to our stock repurchase plan (“Repurchase Plan”), thus bringing the total authorized repurchase amount to $12.0 million. On March 12, 2021, the Board of Directors authorized an additional $3.0 million increase to the Repurchase Plan, thus bringing the total authorized repurchase amount to $15.0 million. On January 14, 2022, the Board of Directors authorized an additional $3.0 million increase to the Repurchase Plan, thus bringing the total authorized repurchase amount to $18.0 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. Treasury Stock repurchases for the year ended June 30, 2022 were as follows:
|  | Shares |  |  | Average Cost |  |  | Total Cost (in thousands) |
Shares purchased under Repurchase Plan |  |  | 406,817 |  |  | $ | 12.76 |  |  | $ | 5,190 |
Shares acquired from employees for restricted stock vesting |  |  | 28,263 |  |  |  | 11.08 |  |  |  | 313 |
Total |  |  | 435,080 |  |  |  |  |  |  | $ | 5,503 |
Treasury Stock repurchases for the year ended June 30, 2021 were as follows:
|  | Shares |  |  | Average Cost |  |  | Total Cost (in thousands) |
Shares purchased under Repurchase Plan |  |  | 385,822 |  |  | $ | 8.28 |  |  | $ | 3,197 |
Shares acquired in connection with stock option exercises |  |  | 30,442 |  |  |  | 9.95 |  |  |  | 303 |
Shares acquired from employees for restricted stock vesting |  |  | 47,228 |  |  |  | 13.69 |  |  |  | 647 |
Total |  |  | 463,492 |  |  |  |  |  |  | $ | 4,147 |
Treasury stock repurchase costs include commissions and fees. Shares acquired from employees for restricted stock vesting and stock options exercises were returned to us by the related employees and in return we paid each employee’s required tax withholding resulting from the vesting of restricted shares. The valuation of the shares acquired and thereby the number of shares returned to us was calculated based on the closing share price on the date the shares vested. Stock Incentive Plans For the year ended June 30, 2022, the Company had no stock options outstanding. Stock option activity for the year ended June 30, 2021 was as follows:
|  | 2009 Plan |  |  | Weighted Average Exercise Price |  |  | Weighted Average Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Vested and exercisable at June 30, 2020 |  |  | 130,000 |  |  | $ | 6.28 |  |  |  |  |  |  |  |  |
Exercised |  |  | (130,000 | ) |  | $ | 6.28 |  |  |  |  |  |  |  |  |
Forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2021 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Vested and exercisable at June 30, 2021 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Of the 130,000 options exercised, 120,000 of these option exercises were cashless net exercises resulting in the issuance of 55,915 shares for the year ended June 30, 2021. Restricted stock activity for the year ended June 30, 2022 was as follows:
|  | Number of Shares – 2009 Plan |  |  | Weighted Average Grant Date Fair Value |
Nonvested at June 30, 2021 |  |  | 61,324 |  |  | $ | 11.47 |
Granted |  |  | — |  |  | $ | — |
Vested |  |  | (51,326 | ) |  | $ | 11.52 |
Forfeited |  |  | (8,332 | ) |  | $ | 10.88 |
Nonvested at June 30, 2022 |  |  | 1,666 |  |  | $ | 8.50 |
Available for grant at June 30, 2022 |  |  | — |  |  |  |  |
|  | Number of Shares – 2020 Plan |  |  | Weighted Average Grant Date Fair Value |
Nonvested at June 30, 2021 |  |  | 87,773 |  |  | $ | 16.81 |
Granted |  |  | 135,850 |  |  | $ | 10.99 |
Vested |  |  | (25,896 | ) |  | $ | 16.81 |
Forfeited |  |  | (11,500 | ) |  | $ | 16.81 |
Nonvested at June 30, 2022 |  |  | 186,227 |  |  | $ | 12.56 |
Available for grant at June 30, 2022 |  |  | 472,377 |  |  |  |  |
Restricted stock activity for the year ended June 30, 2021 was as follows:
|  | Number of Shares – 2009 Plan |  |  | Weighted Average Grant Date Fair Value |
Nonvested at June 30, 2020 |  |  | 197,650 |  |  | $ | 11.06 |
Granted |  |  | — |  |  | $ | — |
Vested |  |  | (136,326 | ) |  | $ | 10.88 |
Forfeited |  |  | — |  |  | $ | — |
Nonvested at June 30, 2021 |  |  | 61,324 |  |  | $ | 11.47 |
Available for grant at June 30, 2021 |  |  | — |  |  |  |  |
|  | Number of Shares – 2020 Plan |  |  | Weighted Average Grant Date Fair Value |
Nonvested at June 30, 2020 |  |  | — |  |  | $ | — |
Granted |  |  | 91,773 |  |  | $ | 16.81 |
Vested |  |  | (4,000 | ) |  | $ | 16.81 |
Forfeited |  |  | — |  |  | $ | — |
Nonvested at June 30, 2021 |  |  | 87,773 |  |  | $ | 16.81 |
Available for grant at June 30, 2021 |  |  | 608,227 |  |  |  |  |
Restricted stock grants, granted to members of our Board of Directors and certain key members of our management team, vest over a period of years from the date of grant and the unvested shares cannot be sold or otherwise transferred and the right to receive dividends, if declared by our Board of Directors, is forfeitable until the shares become vested. The total remaining unrecognized compensation cost related to unvested restricted stock shares amounted to $2.1 million at June 30, 2022 and the weighted average remaining requisite service period of unvested restricted stock shares was 2.4 years.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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