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STOCK BASED COMPENSATION PLANS (Tables)
 6 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the stock options activity from July 1, 2016 through December 31, 2016:
 
 
 
 
 
Number of
 
Weighted Average
 
Weighted Average
 
Aggregate
 
 
 
 
 
Shares
 
Exercise Price
 
Remaining Life
 
Intrinsic Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Oustanding at
 
July 1, 2015
 
 
350,000
 
$
16.70
 
 
6.95 years
 
$
939,000
 
Granted
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Exchanged
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Oustanding at
 
June 30, 2016
 
 
350,000
 
$
16.70
 
 
5.95 years
 
$
3,082,000
 
Exercisable at
 
June 30, 2016
 
 
236,000
 
$
15.54
 
 
5.33 years
 
$
2,351,000
 
Vested and Expected to vest at
 
June 30, 2016
 
 
350,000
 
$
16.70
 
 
5.95 years
 
$
3,082,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Oustanding at
 
July 1, 2016
 
 
350,000
 
$
16.70
 
 
5.95 years
 
$
3,082,000
 
Granted
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Exchanged
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
Oustanding at
 
December 31, 2016
 
 
350,000
 
$
16.70
 
 
5.44 years
 
$
3,572,000
 
Exercisable at
 
December 31, 2016
 
 
268,000
 
$
15.95
 
 
5.09 years
 
$
2,935,000
 
Vested and Expected to vest at
 
December 31, 2016
 
 
350,000
 
$
16.70
 
 
5.44 years
 
$
3,572,000