NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Earnings Per Share

(Amounts and shares in thousands, except per share amounts) (UNAUDITED)

Earnings Per Share

	Three months ended March 31, 2016						Three months ended March 31, 2015
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic Numerator:
Net income available to common stockholders	$	3,005	$	2,810	$	50	$	2,019	$	1,888	$	33
Denominator:
Weighted average shares outstanding		6,050		6,050		383		6,050		6,050		383
Basic income per common share	$	0.50	$	0.46	$	0.13	$	0.33	$	0.31	$	0.09
Diluted Denominator:
Weighted average shares outstanding				6,050		383				6,050		383
Convertible Class C Stock				128		—				128		—
Total denominator for diluted earnings per share				6,178		383				6,178		383
Diluted income per common share			$	0.45	$	0.13			$	0.31	$	0.09

	Nine months ended March 31, 2016						Nine months ended March 31, 2015
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic Numerator:
Net income available to common stockholders	$	9,360	$	8,752	$	155	$	7,212	$	6,743	$	119
Denominator:
Weighted average shares outstanding		6,050		6,050		383		6,050		6,050		383
Basic income per common share	$	1.55	$	1.45	$	0.40	$	1.19	$	1.11	$	0.31
Diluted Denominator:
Weighted average shares outstanding				6,050		383				6,050		383
Convertible Class C Stock				128		—				128		—
Total denominator for diluted earnings per share				6,178		383				6,178		383
Diluted income per common share			$	1.42	$	0.40			$	1.09	$	0.31