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Note 4 - Earnings Per Common Share
 9 Months Ended
Mar. 31, 2013
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
March 31
   
Nine Months Ended
March 31
 
   
2013
   
2012
   
2013
   
2012
 
                             
BASIC EARNINGS PER SHARE
                           
                             
Net income (loss)
 
$
(315
)
 
$
(377
)
 
$
(935
)
 
$
1,719
 
                                 
Weighted average shares outstanding during the period, net of treasury shares (a)
   
24,025
     
24,035
     
24,025
     
24,036
 
Weighted average shares outstanding in the Deferred Compensation Plan during the period
   
287
     
265
     
283
     
261
 
Weighted average shares outstanding
   
24,312
     
24,300
     
24,308
     
24,297
 
                                 
Basic earnings (loss) per share
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.04
)
 
$
0.07
 
                                 
DILUTED EARNINGS PER SHARE
                               
                                 
Net income (loss)
 
$
(315
)
 
$
(377
)
 
$
(935
)
 
$
1,719
 
                                 
Weighted average shares outstanding
                               
                                 
Basic
   
24,312
     
24,300
     
24,308
     
24,297
 
                                 
Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any
   
 
98
     
 
60
     
64
     
55
 
                                 
Weighted average shares outstanding (c)
   
24,410
     
24,360
     
24,372
     
24,352
 
                                 
Diluted earnings (loss) per share
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.04
)
 
$
0.07
 

 
(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 1,842,075 common shares and 1,656,338 common shares at March 31, 2013 and 2012, respectively, and options to purchase 2,058,075 common shares and 1,792,849 common shares at March 31, 2013 and 2012, 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.