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Note 4 - Earnings Per Common Share
 6 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
4
- EARNINGS PER COMMON SHARE
 
The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data):
 
 
   
Three Months Ended
    
Six Months Ended
  
   
December 31
    
December 31
  
   
2016
    
2015
    
2016
    
2015
  
                                 
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Net income
  $
2,006
     $
3,782
     $
2,835
     $
7,532
  
                                 
Weighted average shares outstanding
during the period, net
of treasury shares (a)
    
25,016
      
24,637
      
25,007
      
24,569
  
Weighted average vested restricted
stock units outstanding
    
37
      
25
      
37
      
26
  
Weighted average shares outstanding
in the Deferred Compensation Plan
during the period
    
261
      
249
      
250
      
243
  
Weighted average shares outstanding
    
25,314
      
24,911
      
25,294
      
24,838
  
                                 
Basic earnings per share
   $
0.08
     $
0.15
     $
0.11
     $
0.30
  
                                 
DILUTED EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Net income
  $
2,006
     $
3,782
     $
2,835
     $
7,532
  
                                 
Weighted average shares outstanding
                                
                                 
Basic
    
25,314
      
24,911
      
25,294
      
24,838
  
                                 
Effect of dilutive securities (b):
                                
Impact of common shares to be
issued under stock option plans,
and contingently issuable shares,
if any
    
489
      
713
      
565
      
567
  
                                 
Weighted average shares
outstanding (c)
    
25,803
      
25,624
      
25,859
      
25,405
  
                                 
Diluted earnings per share
   $
0.08
     $
0.15
     $
0.11
     $
0.30
  
 
 
 
(a)
Includes shares accounted for like treasury stock included in the Company’s non-qualified deferred compensation plan. (See Note
10.)
 
  
(b)
Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
 
  
(c)
Options to purchase
1,682,270
common shares and
1,115,250
common shares at
December
31,
2016
and
2015,
respectively, and options to purchase
1,626,770
common shares and
1,506,800
common shares at
December
31,
2016
and
2015,
respectively were not included in the computation of the
three
month and
six
month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.