STOCK REPURCHASE PLAN

12 Months Ended

Jun. 30, 2014

Stock Repurchase Plan [Abstract]

STOCK REPURCHASE PLAN

10. STOCK REPURCHASE PLAN

In February 2008, the Company’s Board of Directors authorized a stock purchase plan. The board authorized the open market purchase at such times and prices determined at the discretion of management. In fiscal 2009, the Company purchased 404,710 shares for $558,000. In fiscal 2012, 2013 and 2014, the Company did not purchase shares.