NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share

 Earnings Per Share

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

	Three months ended March 31, 2017						Three months ended March 31, 2016
Basic	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	5,900	$	5,526	$	95	$	3,005	$	2,810	$	50
Denominator:
Weighted average shares outstanding		6,166		6,166		383		6,050		6,050		383
Basic income per common share	$	0.96	$	0.90	$	0.25	$	0.50	$	0.46	$	0.13
Diluted
Denominator:
Weighted average shares outstanding				6,166		383				6,050		383
Convertible Class C Stock				128		—				128		—
Total denominator for diluted earnings per share				6,294		383				6,178		383
Diluted income per common share			$	0.88	$	0.25			$	0.45	$	0.13

	Nine months ended March 31, 2017						Nine months ended March 31, 2016
Basic	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	13,713	$	12,842	$	222	$	9,360	$	8,752	$	155
Denominator:
Weighted average shares outstanding		6,143		6,143		383		6,050		6,050		383
Basic income per common share	$	2.23	$	2.09	$	0.58	$	1.55	$	1.45	$	0.40
Diluted
Denominator:
Weighted average shares outstanding				6,143		383				6,050		383
Convertible Class C Stock				128		—				128		—
Total denominator for diluted earnings per share				6,271		383				6,178		383
Diluted income per common share			$	2.05	$	0.58			$	1.42	$	0.40