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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Earnings Per Share

Earnings Per Share

 

   Three months ended
December 31, 2019
  Three months ended
December 31, 2018
   Total  Common Stock  Class C Common
Stock
  Total  Common Stock  Class C Common
Stock
Basic                  
Numerator: 
Net income available to common stockholders
  $3,104   $2,914   $48   $3,552   $3,332   $56 
Denominator:                              
Weighted average shares outstanding   6,447    6,447    383    6,357    6,357    383 
Basic income per common share  $0.48   $0.45   $0.13   $0.56   $0.52   $0.15 
Diluted                              
Denominator:
Weighted average shares outstanding
        6,447    383         6,357    383 
Convertible Class C Stock        128    —           128    —   
Total Denominator for diluted earnings per share        6,575    383         6,485    383 
Diluted income per common share       $0.44   $0.13        $0.51   $0.15 

 

 

   Six months ended
December 31, 2019
  Six months ended
December 31, 2018
   Total  Common Stock  Class C Common
Stock
  Total  Common Stock  Class C Common
Stock
Basic                  
Numerator: 
Net income available to common stockholders
  $6,402   $6,010   $100   $6,871   $6,444   $109 
Denominator:                              
Weighted average shares outstanding   6,440    6,440    383    6,351    6,351    383 
Basic income per common share  $0.99   $0.93   $0.26   $1.08   $1.01   $0.28 
Diluted                              
Denominator:
Weighted average shares outstanding
        6,440    383         6,351    383 
Convertible Class C Stock        128    —           128    —   
Total Denominator for diluted earnings per share        6,568    383         6,479    383 
Diluted income per common share       $0.92   $0.26        $0.99   $0.28 

 

Long-term operating lease liabilities

A reconciliation of operating lease payments undiscounted cash flows to lease liabilities recognized as of December 31, 2019 is as follows:

    Operating Lease Payments
2020 (Six Months)   2,412
2021   4,782
2022   4,463
2023   4,415
2024   4,120
Thereafter   21,545
Present Value discount (5.5% weighted average)   (9,870)
   Total lease liability   31,867