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Note 4 - Earnings Per Common Share
 6 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
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
December 31
    
Six Months Ended
December 31
  
   
2015
    
2014
    
2015
    
2014
  
                                 
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Net income
  $ 3,782     $ 1,588     $ 7,532     $ 3,115  
                                 
Weighted average shares outstanding
during the period, net
of treasury shares (a)
     24,637       24,124       24,569       24,123  
Weighted average vested restricted
stock units outstanding
     25       --       26       --  
Weighted average shares outstanding
in the Deferred Compensation Plan
during the period
     249       325       243       319  
Weighted average shares outstanding
     24,911       24,449       24,838       24,442  
                                 
Basic earnings per share
   $ 0.15     $ 0.06     $ 0.30     $ 0.13  
                                 
DILUTED EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Net income
  $ 3,782     $ 1,588     $ 7,532     $ 3,115  
                                 
Weighted average shares outstanding
                                
                                 
Basic
     24,911       24,449       24,838       24,442  
                                 
Effect of dilutive securities (b):
Impact of common shares to be
issued under stock option plans,
and contingently issuable shares,
if any
     713       58       567       64  
                                 
Weighted average shares
outstanding (c)
     25,624       24,507       25,405       24,506  
                                 
Diluted earnings per share
   $ 0.15     $ 0.06     $ 0.30     $ 0.13  
 
 
  
(a)
Includes shares accounted for as treasury stock according to accounting standards.
 
  
(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 1,115,250 common shares and 2,377,900 common shares at December 31, 2015 and 2014, respectively, and options to purchase 1,506,800 common shares and 2,371,900 common shares at December 31, 2015 and 2014, respectively, were not included in the computation of the three month and six month periods for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.