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Net Income (Loss) Per Share (Tables)
 12 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of weighted average shares outstanding calculation of basic and diluted per share

The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2017 and 2016 is as follows (in thousands, except per share data):


 

 

Years Ended June 30,

 

 

 

2016

 

 

2016

 

Basic:

 

 

 

 

 

 

Income from continuing operations

 

$

4,841

 

 

$

1,103

 

Weighted average shares outstanding

 

 

4,040

 

 

 

4,141

 

Basic earnings per share from continuing operations

 

$

1.20

 

 

$

0.27

 

Income (loss) from discontinued operations

 

$

243

 

 

$

(281

)

Weighted average shares outstanding

 

 

4,040

 

 

 

4,141

 

Basic earnings (loss) per share from discontinued operations

 

$

0.06

 

 

$

(0.07

)

Net income

 

$

5,084

 

 

$

822

 

Weighted average shares outstanding

 

 

4,040

 

 

 

4,141

 

Basic earnings per share

 

$

1.26

 

 

$

0.20

 

Diluted:

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

4,841

 

 

$

1,103

 

Weighted average shares outstanding

 

 

4,040

 

 

 

4,141

 

Effect of dilutive securities – stock options

 

 

37

 

 

 

32

 

Weighted average shares used in calculation of diluted earnings per share

 

 

4,077

 

 

 

4,173

 

Diluted earnings per share from continuing operations

 

$

1.19

 

 

$

0.27

 

Income (loss) from discontinued operations

 

$

243

 

 

$

(281

)

Weighted average shares used in calculation of diluted earnings per share

 

 

4,077

 

 

 

4,141

 

Diluted earnings (loss) per share from discontinued operations

 

$

0.06

 

 

$

(0.07

)

Net income

 

$

5,084

 

 

$

822

 

Weighted average shares used in calculation of diluted earnings per share

 

 

4,077

 

 

 

4,173

 

Diluted earnings per share

 

$

1.25

 

 

$

0.20