Note 9 - Earnings Per Share

6 Months Ended

Dec. 31, 2011

Earnings Per Share [Text Block]

Note 9 - Earnings Per Share

Our basic and diluted earnings (loss) per common share are computed as follows (in thousands except per share amounts):

	Three Months Ended December 31				Six Months Ended December 31
	2011		2010		2011		2010
Numerator for basic and diluted earnings per share:
Net income (loss)	$	2,726	$	721	$	1,651	$	(1,967	)
Denominator:
Denominator for basic earnings per share:		7,064		6,970		7,072		6,970
Effect of dilutive share-based compensation		12		125		15		-
Denominator for diluted earnings per share:		7,076		7,095		7,087		6,970
Income (loss) per common share	$	0.39	$	0.10	$	0.23	$	(0.28	)
Income (loss) per common share assuming dilution	$	0.39	$	0.10	$	0.23	$	(0.28	)

Potentially dilutive securities which could have had an antidilutive effect on our per share results of operations were (in thousands except per share amounts):

	December 31
	2011		2010
Stock options (exercise prices per share: 2011 - $1.98 to $15.60; 2010 - $5.31 to $15.60)		269		321