EARNINGS PER SHARE (Tables)

6 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE [Abstract]

Earnings per share

The following information is necessary to calculate earnings per share for the periods presented (in thousands, except per-share data):

	Three-Months Ended				Six-Months Ended
	December 31,				December 31,
	2015		2014		2015		2014
	(Unaudited)				(Unaudited)
Net income, as reported	$	615	$	749	$	835	$	675
Weighted average common shares outstanding		15,467		15,281		15,443		15,285
Effect of dilutive stock options		595		142		551		143
Weighted average diluted common shares outstanding		16,062		15,423		15,994		15,428
Net income per common share
Basic	$	0.04	$	0.05	$	0.05	$	0.04
Diluted	$	0.04	$	0.05	$	0.05	$	0.04
Employee stock options excluded from computation of dilutive income per share amounts because their effect would be anti-dilutive		120		392		216		237