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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2012
Schedule of Weighted Average Number of Shares [Table Text Block] The following table sets forth the reconciliation of weighted average shares outstanding and diluted weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

June 30, 2011

 

June 30, 2010

 

 

 


 


 


 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

18,014,325

 

 

17,638,635

 

 

17,183,224

 

Dilutive effect of stock options and restricted stock units

 

 

696,969

 

 

501,739

 

 

 

 

 



 



 



 

Diluted weighted average shares outstanding

 

 

18,711,294

 

 

18,140,374

 

 

17,183,224