Note 9 - Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

Note 9 – Earnings (Loss) 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
	2012			2011		2012			2011
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(5,626	)	$	2,726	$	(6,911	)	$	1,651
Denominator:
Denominator for basic (loss) earnings per share:		7,130			7,064		7,132			7,072
Effect of dilutive share-based compensation		-			12		-			15
Denominator for diluted (loss) earnings per share:		7,130			7,076		7,132			7,087
(Loss) income per common share	$	(0.79	)	$	0.39	$	(0.97	)	$	0.23
(Loss) income per common share assuming dilution	$	(0.79	)	$	0.39	$	(0.97	)	$	0.23

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
	2012		2011
Stock options (exercise prices per share: 2012 and 2011 - $1.98 to $15.60)		105		269