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Note 6 - Stock Repurchase Programs
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12 Months Ended |
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Jun. 30, 2012
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| Treasury Stock [Text Block] |
(6)
STOCK
REPURCHASE PROGRAMS
On October
24, 2007, the Company's Board of Directors authorized a
stock repurchase program pursuant to which the Company
purchased 2,000,000 shares of the Company's common stock in
open market transactions at an aggregate cost of
approximately $13.8 million. We intend to hold repurchased
shares in treasury for general corporate purposes,
including issuances under stock option plans. We
account for treasury stock using the cost
method. At June 30, 2012, 1,155,086 shares
remained in treasury stock.
On
August 25, 2010, the Company's Board of Directors
authorized a stock repurchase program pursuant to which the
Company is authorized to repurchase up to 2,000,000 shares
of our common stock. The Company has not repurchased any
shares of the Company's common stock under this
program.
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