XML 16 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
SHARE REPURCHASE PLAN
9 Months Ended
Mar. 31, 2013
SHARE REPURCHASE PLAN

NOTE 4. SHARE REPURCHASE PLAN

The Board of Directors approved a share repurchase program on December 7, 2012, authorizing the Company to purchase up to $2.75 million of its outstanding common shares as market and business conditions warrant on the open market in compliance with Rule 10b-18 of the Securities Exchange Act of 1934. The share repurchase authorization expires at the end of calendar 2013. As of March 31, 2013, the Company had repurchased 22,203 class A shares using cash of $84,983. There remains approximately $2.665 million available for repurchase under this authorization.