Note 7 - Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2015

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended March 31,
	2015			2014
Numerator for basic and diluted earnings per share:
Net income from continuing operations	$	1,857,000		$	2,756,000
Payment of preferred stock dividends		(22,000	)		(27,000	)
Net income from continuing operations available to common stockholders		1,835,000			2,729,000
Loss from discontinued operations, net of tax		—			(528,000	)
Loss on sale of discontinued operations, net of tax		(51,000	)
Net income available to common stockholders	$	1,784,000		$	2,201,000
Weighted average shares used in computing basic net income per share:		29,597,525			54,264,017
Assumed conversion of preferred stock		1,727,768			2,095,784
Effect of outstanding stock options		710,234			877,526
Weighted average shares used in computing diluted net income per share:		32,035,527			57,237,327
Earnings per common share attributable to common stockholders – basic
Income from continuing operations per common share	$	0.06		$	0.05
Loss from discontinued operations per common share		—			(0.01	)
Earnings per common share attributable to common stockholders – basic	$	0.06		$	0.04
Earnings per common share attributable to common stockholders – diluted
Income from continuing operations per common share	$	0.06		$	0.05
Loss from discontinued operations per common share		—			(0.01	)
Earnings per common share attributable to common stockholders – diluted	$	0.06		$	0.04

	Nine Months Ended March 31,
	2015			2014
Numerator for basic and diluted earnings per share:
Net income from continuing operations	$	3,225,000		$	5,034,000
Payment of preferred stock dividends		(74,000	)		(82,000	)
Net income from continuing operations available to common stockholders		3,151,000			4,952,000
Loss from discontinued operations, net of tax		(684,000	)		(1,520,000	)
Loss on sale of discontinued operations, net of tax		(1,485,000	)		(374,000	)
Net income available to common stockholders	$	982,000		$	3,058,000
Weighted average shares used in computing basic net income per share:		41,021,199			54,122,392
Assumed conversion of preferred stock		1,727,768			2,095,784
Effect of outstanding stock options		542,715			716,773
Weighted average shares used in computing diluted net income per share:		43,291,682			56,934,949
Earnings per common share attributable to common stockholders – basic
Income from continuing operations per common share	$	0.08		$	0.09
Loss from discontinued operations per common share		(0.05	)		(0.04	)
Earnings per common share attributable to common stockholders – basic	$	0.03		$	0.05
Earnings per common share attributable to common stockholders – diluted
Income from continuing operations per common share	$	0.07		$	0.09
Loss from discontinued operations per common share		(0.05	)		(0.04	)
Earnings per common share attributable to common stockholders – diluted	$	0.02		$	0.05