Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Reconciliation of Numerators and Denominators of Basic and Diluted Income (Loss) Per Share

The following table presents a reconciliation of the numerators and denominators of basic and diluted income (loss) per share for the periods indicated:

	Year Ended June 30,
(Dollars and share data in thousands, except per share amounts)	2014		2013		2012
Basic and diluted EPS calculation:
Net income (loss)	$	18,505	$	4,248	$	(2,887	)
Basic weighted average number of shares outstanding		8,911		8,736		8,602
Effect of dilutive securities:
Employee stock options		14		-		-
Restricted shares		161		174		-
Diluted weighted average number of shares outstanding		9,086		8,910		8,602
Basic EPS	$	2.08	$	0.49	$	(0.34	)
Diluted EPS	$	2.04	$	0.48	$	(0.34	)

Financial Assets Measured on Recurring Basis

Our financial assets that are measured at fair value on a recurring basis as of June 30, 2014 are as follows (in thousands):

	As of June 30, 2014 Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Cash	$	18,037	$	18,037	$	-	$	-
Money market funds		10,037		10,037		-		-
Cash and cash equivalents	$	28,074	$	28,074	$	-	$	-

Our financial assets that are measured at fair value on a recurring basis as of June 30, 2013 are as follows (in thousands):

	As of June 30, 2013 Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Cash	$	17,895	$	17,895	$	-	$	-
Money market funds		10,032		10,032		-		-
Cash and cash equivalents	$	27,927	$	27,927	$	-	$	-