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Note 3 - Earnings Per Common Share (Tables)
12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(In thousands, except per share data)

 

2015

   

2014

   

2013

 

BASIC EARNINGS PER SHARE

                       
                         

Net income (loss)

  $ 5,151     $ 930     $ (123

)

                         

Weighted average shares outstanding during the period, net of treasury shares (a)

    24,187       24,084       24,029  

Weighted average shares outstanding in the Deferred Compensation Plan during the period

    309       304       284  
                         

Weighted average shares outstanding

    24,496       24,388       24,313  
                         

Basic earnings (loss) per share

  $ 0.21     $ 0.04     $ (0.01

)

                         

DILUTED EARNINGS PER SHARE

                       
                         

Net income (loss)

  $ 5,151     $ 930     $ (123

)

                         

Weighted average shares outstanding

                       
                         

Basic

    24,496       24,388       24,313  
                         

Effect of dilutive securities (b):

                       

Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any

    142       158        
                         

Weighted average shares outstanding (c)

    24,638       24,546       24,313  
                         

Diluted earnings (loss) per share

  $ 0.21     $ 0.04     $ (0.01

)

(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 1,882,722 common shares, 1,974,775 common shares, and 2,027,450 common shares at June 30, 2015, 2014, and 2013, respectively, were not included in the computation of diluted earnings per share because the exercise price was greater than the average fair market value of the common shares.