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Note 4 - Earnings Per Common Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Text Block]
NOTE 4 -  EARNINGS PER COMMON SHARE

The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data):

   
Three Months Ended
   
Nine Months Ended
 
   
March 31
   
March 31
 
   
2012
   
2011
   
2012
   
2011
 
                             
BASIC EARNINGS PER SHARE
                           
                             
Net income (loss)
 
$
(377
)
 
$
2,115
   
$
1,719
   
$
9,331
 
                                 
Weighted average shares outstanding during the period, net of treasury shares (a)
   
24,035
     
24,047
     
24,036
     
24,046
 
Weighted average shares outstanding in the Deferred Compensation Plan during the period
   
265
     
244
     
261
     
240
 
Weighted average shares outstanding
   
24,300
     
24,291
     
24,297
     
24,286
 
                                 
Basic earnings (loss) per share
 
$
(0.02
)
 
$
0.09
   
$
0.07
   
$
0.38
 
                                 
DILUTED EARNINGS PER SHARE
                               
                                 
Net income (loss)
 
$
(377
)
 
$
2,115
   
$
1,719
   
$
9,331
 
                                 
Weighted average shares outstanding
                               
                                 
Basic
   
24,300
     
24,291
     
24,297
     
24,286
 
Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any
   
60
     
72
     
55
     
45
 
                                 
Weighted average shares outstanding (c)
   
24,360
     
24,363
     
24,352
     
24,331
 
                                 
Diluted earnings (loss) per share
 
$
(0.02
)
 
$
0.09
   
$
0.07
   
$
0.38
 

(a)
Includes shares accounted for like treasury stock in accordance with Accounting Standards Codification Topic 710, “Compensation - General.”

(b)
Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.

(c)
Options to purchase 1,656,338 common shares and 1,837,945 common shares at March 31, 2012 and 2011, respectively, and options to purchase 1,792,849 common shares and 1,920,352 common shares at March 31, 2012 and 2011, respectively, were not included in the computation of the three month and nine month, respectively, diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.