Note I - Treasury Stock	9 Months Ended
Mar. 31, 2017
Notes to Financial Statements
Treasury Stock [Text Block]	I . Treasury Stock On June 2, 2011, the Board of Directors authorized the repurchase of up to $2.0 million of our common stock. On February 6, 2015, the Board of Directors authorized a $1.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $3.0 million. On May 11, 2015, the Board of Directors authorized a $2.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $5.0 million. On March 28, 2017, the Board of Directors authorized a $2.0 million increase to our stock repurchase plan bringing the total authorized repurchase amount to $7.0 million. When we do so we may purchase the shares in open market or privately negotiated transactions. During the nine months ended March 31, 2017, we purchased 39,547 shares under this plan at a weighted average cost of $8.74 per share and a total cost of $345,000 including commissions and fees. During the nine months ended March 31, 2016, we purchased 52,603 shares under this plan at a weighted average cost of $6.26 per share and a total cost of $329,000 including commissions and fees. During the nine months ended March 31, 2017, we acquired 38,729 shares from employees in connection with restricted stock that vested during the year. During the nine months ended March 31, 2016, we acquired 27,196 shares from employees in connection with restricted stock that vested during the year. These shares were returned to the Company by the related employees and in return the Company paid each employee's required tax withholding. The valuation of the shares acquired and thereby the amount of shares returned to the Company was calculated based on the closing price on the date the shares vested. Unvested restricted stock grants that are forfeited are returned to treasury stock. During the nine months ended March 31, 2017, employees forfeited 7,000 shares of unvested restricted stock grants. During the nine months ended March 31, 2016, employees forfeited 2,667 shares of unvested restricted stock grants.

. Treasury Stock

June

2011,

the Board of Directors authorized the repurchase of up to

$2.0

million of our common stock. On

February

2015,

the Board of Directors authorized a

$1.0

million increase to our stock repurchase plan bringing the total authorized repurchase amount to

$3.0

million.

May

11,

2015,

the Board of Directors authorized a

$2.0

million increase to our stock repurchase plan bringing the total authorized repurchase amount to

$5.0

million. On

March

28,

2017,

the Board of Directors authorized a

$2.0

million increase to our stock repurchase plan bringing the total authorized repurchase amount to

$7.0

million.

When we do so we

may

purchase the shares in open market or privately negotiated transactions.

During the

nine

months ended

March

31,

2017,

we purchased

39,547

shares under this plan at a weighted average cost of

$8.74

per share and a total cost of

$345,000

including commissions and fees.

During the

nine

months ended

March

31,

2016,

we purchased

52,603

under this plan at a weighted average cost of

$6.26

per share and a total cost of

$329,000

including commissions and fees.

During the

nine

months ended

March

31,

2017,

we acquired

38,729

shares from employees in connection with restricted stock that vested during the year. During the

nine

months ended

March

31,

2016,

we acquired

27,196

shares from employees in connection with restricted stock that vested during the year. These shares were returned to the Company by the related employees and in return the Company paid each employee's required tax withholding. The valuation of the shares acquired and thereby the amount of shares returned to the Company was calculated based on the closing price on the date the shares vested.

Unvested restricted stock grants that are forfeited are returned to treasury stock.

During the

nine

months ended

March

31,

2017,

employees forfeited

7,000

shares of unvested restricted stock grants.

During the

nine

months ended

March

31,

2016,

employees forfeited

2,667

shares of unvested restricted stock grants.