STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2012

Options Outstanding

Options outstanding at June 30, 2012 were as follows:

	Outstanding				Exercisable
Range of Exercise Price	Number		Weighted Average Remaining Life		Number		Weighted Average Exercise Price
$1.79 to $4.42		557,500		8.27		238,660		2.32
$8.32 to $13.64		182,756		2.48		159,423		10.73
Total		740,256		6.84		398,083		5.69

Summary of Stock-Based Compensation Activity

A summary of stock-based compensation activity is as follows:

	2012 Total options outstanding
	Shares			Weighted- Average Exercise Price
Options outstanding, beginning of year		613,338		$	5.07
Forfeited		(20,576	)		8.28
Expired		(18,006	)		7.13
Exercised
Granted		165,500			1.59
Options outstanding, end of year		740,256		$	4.15
Options exercisable, end of year		398,082		$	5.69

Weighted Average Assumptions Used in Determining Fair Value for Options Granted

The fair value for stock options granted to executive officers and certain other employees was determined at the date of grant using a Black-Scholes options-pricing model and the following assumptions:

	2012			2011			2010
Expected weighted average risk-free interest rate		2.43	%		3.32	%		3.40	%
Expected weighted average life (in years)		6.00			6.00			10.00
Expected volatility		34.00	%		34.00	%		34.00	%
Expected dividend yield		0.00	%		0.00	%		0.00	%

Summary of Changes in Restricted Stock

A summary of changes in the Company’s restricted stock for the twelve months ended June 30, 2012 is as follows:

Nonvested Shares	Shares			Weighted- Average Grant-Date Fair Value
Nonvested at July 1, 2011		219,500		$	410,185
Granted		75,353			115,290
Vested		(132,520	)		(221,938	)
Forfeited
Nonvested at June 30, 2012		162,333		$	303,537